Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

ECOWAS Faces Funding Crisis as Member States Struggle with Levy Payments

Nnaemeka OkwarabyNnaemeka Okwara
September 28, 2024
in Government
0
ECOWAS Faces Funding Crisis as Member States Struggle with Levy Payments
Share on FacebookShare on TwitterShare on Whatsapp
The Economic Community of West African States (ECOWAS) is currently experiencing acute financial constraints stemming from the low community levy remittances experienced among some of the member states.

The matter came up at the end of the two-day Swearing-in ceremony training for the new members of the ECOWAS Parliament held in Lomé, Togo. According to ECOWAS Parliament Director of Finance and Administration Anna Jagne, 2024 has noted the lowest of these levy contributions in recent years.

“In fact, community levy that finances 70-90% of the total annual budget of ECOWAS has greatly declined this financial year.  This carries significant dangers for the functioning of ECOWAS,” Jagne said.

Awaji Abiante, a Nigerian Member of Parliament, believes that the challenges arise from the economic hardships of the member nations. ‘The community levy issue directly speaks to the situation of our economies. If our economies are under further decline, then it would be impossible to contribute to the regional fund.’

The Community Levy is a tax imposed by ECOWAS member states at the rate of 0.5% on the importation of goods originating from outside the sub region.

Tags: ecowasECOWAS Faces Funding Crisis as Member States Struggle with Levy Paymentsfederal characterfundingLevyMember statesNewsPayments
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76
Government

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

October 23, 2025
Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors
Government

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

October 22, 2025
Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell
Government

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

October 22, 2025
Next Post
Rita Edochie Throws Weight Behind VeryDarkMan Amid Social Media Drama

Rita Edochie Throws Weight Behind VeryDarkMan Amid Social Media Drama

Russian Petrol Station Explosion: Death Toll Rises to 13

Russian Petrol Station Explosion: Death Toll Rises to 13

The Monetary Policy Rate Hike: A Double-Edged Sword for Nigeria’s Stock Market

The Monetary Policy Rate Hike: A Double-Edged Sword for Nigeria's Stock Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Should Liverpool Drop Florian Wirtz After Slow Start?

Should Liverpool Drop Florian Wirtz After Slow Start?

3 weeks ago
Civil Servants Slams Tinubu Administration

Civil Servants Slams Tinubu Administration

1 year ago
Russia Condemns Trump’s Missile Defense Shield Plan

Russia Condemns Trump’s Missile Defense Shield Plan

9 months ago
Airlines to Cease Operations as from Monday

Airlines to Cease Operations as from Monday

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League

The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Trending

Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10
Entertainment

Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10

byAyobami Owolabi
October 23, 2025
0

Bolaji Ogunmola’s latest film, Same Place, Same Time, promises a story about love, friendship, and timing but...

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

October 23, 2025
Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

October 23, 2025
Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

October 23, 2025
Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

October 23, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10
  • Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76
  • Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com