Nigeria: ECOWAS in tight financial situation

Abuja, Nigeria (PANA) – Lack of financial resources to fast-track operations the Economic Community of West African States (ECOWAS) has become a major setback to activities of the sub-regional body, ECOWAS President  Marcel Alain De Souza said here on Thursday.

Mr. Souza made the remark when he paid a courtesy call on Nigerian Minister of State for Foreign Affairs, Hajia Khadijah Bukar Abba Ibrahim, noting that “the situation has become precarious.”

He lamented that many member states including Nigeria no longer paid their levy to the ECOWAS Commission.

Nigeria, the sub-regional body’s major contributor, owes a total of US$694,000 to the Commission.

According to Mr. Souza, the community levy, which represents 90 per cent of the Community funding, was no longer regularly paid by most member states. He attributed their default to  financial challenges arising from the economic difficulties of member-states.

Calling on the government of Nigeria to come to the aid of ECOWAS, Mr. Souza said: “Our member states are experiencing financial challenges. We see that the greatest challenge lies with Nigeria.

“Nigeria has a great role to play. Therefore, the challenges that the ECOWAS faces cannot be tackled without Nigeria. We appeal to Nigeria to respond to our pleas.”

Responding, the Minister of State for Foreign Affairs assured Mr. Souza of Nigeria’s commitment to the Commission, promising to have more discussions on how to tackle the situation.
-0- PANA MON/AR 26May2016

26 مايو 2016 18:12:50




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