Raphael Oni
The Economic Community of West African States (ECOWAS) Parliament has expressed deep concern over the increasing shortfalls in community levy remittances from some member countries.
The issue came to light during the recent induction session for ECOWAS Parliament members, presided over by Speaker Memounatou Ibrahima. Anna Jagne, Director of Finance and Administration, revealed that 2024 has been the worst year for compliance, with serious implications for the regional bloc’s operations.
“The community levy is the principal source of revenue for ECOWAS, accounting for 70-90% of our budget,” Jagne stressed. “The current shortfalls will significantly impact our regional integration initiatives, peacekeeping missions, and economic development projects.”
Nigerian MP Awaji Inombek Abiante attributed the difficulty in remitting the levy to dwindling economic fortunes and pressing domestic needs. “The issue of community levy is directly related to the state of our economies… contributing to the purse will be challenging and the demand for funds will keep on increasing.”
Darbo Alhagie, MP from The Gambia, emphasized the need for pressure on defaulting countries. “We need to know those that have defaulted… otherwise, the implication will be dire on the operations of the Community.”
ECOWAS Speaker Memounatou Ibrahima highlighted the session’s significance, stating that it deepened knowledge of ECOWAS institutions and member privileges. “These resources are a treasure for the work of the ECOWAS institutions… I express my sincere appreciation for your active participation.”
The community levy is a 0.5% tax imposed on goods from non-ECOWAS countries. Addressing these shortfalls is critical for ECOWAS’s continued effectiveness in promoting regional cooperation and economic growth.
The ECOWAS Parliament has called for urgent action to address the shortfalls, including strengthening the regional economic base, increasing pressure on defaulting countries, and improving financial management.
