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

Soludo Said "Open." IPOB Said "Shut." This Monday, Anambra Will See Who's in Charge
Government

Soludo Said “Open.” IPOB Said “Shut.” This Monday, Anambra Will See Who’s in Charge

January 31, 2026
US Embassy in Nigeria Goes Quiet on X as Washington Runs Out of Cash
Government

US Embassy in Nigeria Goes Quiet on X as Washington Runs Out of Cash

January 31, 2026
Ukraine Grid Trouble Knocks Moldova Into Darkness
Government

Ukraine Grid Trouble Knocks Moldova Into Darkness

January 31, 2026
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

Osun State Police Command Nabs Goats Thieves- Recovers 15 Stolen Goats

Osun State Police Command Nabs Goats Thieves- Recovers 15 Stolen Goats

3 years ago
Governor Hyacinth Continues Reforms, As He Visits MDAs and SEMA

Governor Hyacinth Continues Reforms, As He Visits MDAs and SEMA

3 years ago
Super Falcons Captain Rasheedat Ajibade Expresses Disappointment After Olympic Exit

Super Falcons Captain Rasheedat Ajibade Expresses Disappointment After Olympic Exit

2 years ago
Kano State Hisbah Warns Non-Muslim Residents Against Eating In Public During Ramadan

Kano State Hisbah Warns Non-Muslim Residents Against Eating In Public During Ramadan

2 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 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 UK ukraine US
No Result
View All Result

Highlights

Bridgerton Season 4: When the Rake Finally Falls

Chelsea​‍​‌‍​‍‌ Stage Historic Comeback to Sink West Ham and Break into Top Four

Soludo Said “Open.” IPOB Said “Shut.” This Monday, Anambra Will See Who’s in Charge

US Embassy in Nigeria Goes Quiet on X as Washington Runs Out of Cash

Canada’s Conservatives Double Down on Poilievre

Ukraine Grid Trouble Knocks Moldova Into Darkness

Trending

Why Collaborating With Burna Boy Is My Biggest Musical Goal – Ayra Starr
Entertainment

Why Collaborating With Burna Boy Is My Biggest Musical Goal – Ayra Starr

byAyobami Owolabi
February 1, 2026
0

Nigerian Afrobeat sensation Ayra Starr has revealed that Burna Boy tops her list of dream collaborators. The...

Being Oloja of Lagos-Elect Is a Call to Service – Jide Kosoko

Being Oloja of Lagos-Elect Is a Call to Service – Jide Kosoko

February 1, 2026
Biafra Government-in-Exile Defies Soludo; Says Sit-At-Home “is a Fundamental Right”

Biafra Government-in-Exile Defies Soludo; Says Sit-At-Home “is a Fundamental Right”

February 1, 2026
Bridgerton Season 4: When the Rake Finally Falls

Bridgerton Season 4: When the Rake Finally Falls

February 1, 2026
Chelsea​‍​‌‍​‍‌ Stage Historic Comeback to Sink West Ham and Break into Top Four

Chelsea​‍​‌‍​‍‌ Stage Historic Comeback to Sink West Ham and Break into Top Four

February 1, 2026

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

  • Why Collaborating With Burna Boy Is My Biggest Musical Goal – Ayra Starr
  • Being Oloja of Lagos-Elect Is a Call to Service – Jide Kosoko
  • Biafra Government-in-Exile Defies Soludo; Says Sit-At-Home “is a Fundamental Right”

Categories

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

© 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