Nigeria and seven other member countries of Economic Community of West African States (ECOWAS) have received $1.96 million from the ECOWAS Gender Development Centre to tackle cases of fistula disorder (Vesicovaginal fistula).
All the eight countries got $245,000 each. The other countries are Togo, Benin, Guinea Bissau, Ghana, Cote D’Ivoire, Gambia, and Liberia.
The presentation of cheques to the beneficiaries were one of the highlights at the 91st Ordinary Session of the ECOWAS Council of Ministers held in Abuja.
Speaking at the event, the Minister of Foreign Affairs, and Chairman ECOWAS Council of Ministers, Amb. Yusuf Tuggar revealed that the Council would deliberate on the Community budget for the 2024 fiscal year while lamenting the current economic challenges affecting the region’s Gross Domestic Product and revenue generation.
The Nigeria’s Minister of Foreign Affairs noted that: “We must be mindful of the prevailing economic and financial challenges confronting our sub-region, such as inflation, high food prices, and currency devaluation, which have adversely affected our economies.”
He lamented that: “These challenges have impacted on our gross domestic product, revenue generation, and in particular our mobilization of the Community Levy, due to devaluation of some of our major currencies, particularly Cedi and Naira
against the US Dollar.”
Tuggar urged Council Ministers to support the recommendations of the Administration and Finance Committee on enhancing prudence, as well as the efforts of the President of the Commission and other Heads of the Institutions on blocking leakages to ensure judicious use of the meagre resources.
Also, the President of the ECOWAS Commission, Omar Touray, decried that member states under sanctions have stopped remitting levies, adding that ECOWAS need enough financial resources to tackle the challenges bedeviling the region.
Touray said: “For some time now, the levy collection has been a challenge. The amount of 0.5% ECOWAS levy on imports from outside the Community has been collected by member states on behalf of ECOWAS.
“However, the deposit of these funds into the ECOWAS bank accounts at the country level and access to the funds have been a challenge. This has led to low resource mobilization.
“The situation is more critical now that our member states under sanctions have stopped remitting the levy. As the financial situation gets more difficult, the tasks for ECOWAS are growing.”
He however urged the Council of Ministers to “mobilise the levy fully to be able to implement our community work programme and keep up with the successes of ECOWAS.”
Michael Olugbode in Abuja
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