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

West African Neighbours Impose New 0.5% Levy on Imports to Fund Economic Union

Eriki Joan UgunushebyEriki Joan Ugunushe
March 30, 2025
in Government
0
West African Neighbours Impose New 0.5% Levy on Imports to Fund Economic Union
Share on FacebookShare on TwitterShare on Whatsapp

West African neighbours Mali, Burkina Faso, and Niger have introduced a 0.5% levy on imported goods to finance their newly formed economic union. This move follows their exit from the larger regional bloc, ECOWAS, and marks a shift towards greater financial and political independence.

Table of Contents

Toggle
  • New Levy to Support Economic Integration
  • Rift with ECOWAS Deepens
  • Struggles with Islamist Insurgency

New Levy to Support Economic Integration

The Alliance of Sahel States, initially formed in 2023 as a security pact between the military-led governments of the three nations, has now evolved into an economic bloc. The new levy, effective immediately, applies to all imported goods except humanitarian aid. According to an official statement, the funds generated will be used to “finance the activities” of the alliance, though specific details were not disclosed.

West African Neighbours Impose New 0.5% Levy on Imports to Fund Economic Union

Rift with ECOWAS Deepens

This decision signifies the end of free trade between these countries and the broader West African economic community. ECOWAS, which includes influential economies like Nigeria and Ghana, has long promoted regional economic cooperation. However, Mali, Burkina Faso, and Niger have accused the bloc of failing to support their fight against Islamist insurgencies and growing insecurity.

The three nations announced their departure from ECOWAS in 2023, citing dissatisfaction with the bloc’s response to their security challenges. ECOWAS had imposed economic and political sanctions on them in an effort to pressure their military governments to return to democratic rule, but these measures had little effect.

Struggles with Islamist Insurgency

Mali, Burkina Faso, and Niger are among the world’s poorest nations and have been plagued by Islamist insurgencies for over a decade. Armed groups linked to al Qaeda and Islamic State have carried out violent attacks, killing thousands and displacing millions. Many citizens in these countries have lost faith in democratic governments, which they believe failed to contain the violence, leading to military takeovers.

With their departure from ECOWAS and the imposition of a new import levy, Mali, Burkina Faso, and Niger are forging a separate economic path.

Tags: Economic Unionfederal charactergovernmentImportsNewsWest africa
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

Police May Nab Louvre Thieves in "Smash and Grab," But Recovery of Loot Is Unlikely
Government

Police May Nab Louvre Thieves in “Smash and Grab,” But Recovery of Loot Is Unlikely

October 21, 2025
Striking at the Inner Circle: Court Sends Kanu's Brother, Lawyer to Kuje Prison
Government

Striking at the Inner Circle: Court Sends Kanu’s Brother, Lawyer to Kuje Prison

October 21, 2025
A Historic Fall: Sarkozy Becomes First French President to Serve Jail Time
Government

A Historic Fall: Sarkozy Becomes First French President to Serve Jail Time

October 21, 2025
Next Post
Politicians Take Credit For Elliot’s Work – Femi Branch Alleges

Politicians Take Credit For Elliot’s Work – Femi Branch Alleges

Kidnappers Strike In Lagos, Police Rescue Victims

Kidnappers Strike In Lagos, Police Rescue Victims

Philippines: Drug War Victims Targeted With Abuse and Fake News After Duterte’s Arrest

Philippines: Drug War Victims Targeted With Abuse and Fake News After Duterte’s Arrest

Leave a Reply Cancel reply

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

Recommended

Why Zendaya deserved the CFDA  fashion icon Award

Why Zendaya deserved the CFDA fashion icon Award

4 years ago
Wike Live Band Leader, Survives Car Accident.

Wike Live Band Leader, Survives Car Accident.

3 years ago
Ryan Taylor Reveals Why His Engagement to DJ Cuppy Ended After Less Than a Month

Ryan Taylor Reveals Why His Engagement to DJ Cuppy Ended After Less Than a Month

22 hours ago
Iran US Nuclear Talks Resume in Rome Amid Trump’s Threat

Iran US Nuclear Talks Resume in Rome Amid Trump’s Threat

6 months 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

CAF Unveils Final Ten Candidates for 2025 African Player of the Year Award

Fermín López Hat-Trick Inspires Barcelona’s 6-1 Rout as Champions League Drama Unfolds Across Europe

White House Denies Rumors Trump May Pardon Diddy

What Happens When Polygamy Meets Fairness? Ali Baba Explains

Sean Dyche Appointed as Nottingham Forest New Head Coach

Movie Review: MeadBowbrook Heart – A Touching Story That Suffers from Slow Pacing

Trending

How Rihanna’s Fashion Empire crumbles - DETAILS
Entertainment

How Rihanna’s Fashion Empire crumbles – DETAILS

byAyobami Owolabi
October 22, 2025
0

Global music icon and billionaire businesswoman Rihanna has reportedly suffered a $36 million loss following the collapse...

How Depression Almost Took Everything From Me — Tonto Dikeh

How Depression Almost Took Everything From Me — Tonto Dikeh

October 22, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

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

October 22, 2025
CAF Unveils Final Ten Candidates for 2025 African Player of the Year Award

CAF Unveils Final Ten Candidates for 2025 African Player of the Year Award

October 22, 2025
Fermín López Hat-Trick Inspires Barcelona’s 6-1 Rout as Champions League Drama Unfolds Across Europe

Fermín López Hat-Trick Inspires Barcelona’s 6-1 Rout as Champions League Drama Unfolds Across Europe

October 22, 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

  • How Rihanna’s Fashion Empire crumbles – DETAILS
  • How Depression Almost Took Everything From Me — Tonto Dikeh
  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

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