Why Nigeria withheld UA37.2m 2017 Community Levy

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The reason for the delay to date by Nigeria to remit UA37.2 million or $51.9 million being its own share of the Community Levy for 2017 into the coffers of the Community has been revealed in the Country’s Report presented to Parliament.
Hon. Asabe Vilita Bashir, who made the presentation of the Report on behalf of her colleagues, explained that the delay was due to some reservations held by the country regarding the usage of the Community Levy.

She said, that notwithstanding, concerted efforts are being made by the Nigerian government to release the outstanding amounts to the Community adding that “the UA 37.2 million or $51.9 million expected from Nigeria alone from January to June 2017 represents nearly 50 percent of total Community Assessed Contribution”.

Similarly, the representative of the Nigeria’s MPs revealed that during the period under review, Nigeria Group of ECOWAS Parliamentarians could not organize sensitization activities across the six geo-political zones of the country due to inadequacy of the US$10,000 sensitization fund given to it for the purpose.

Responding to the presentation, Members of Parliament sought to know when Nigeria will resume payment of her Community levy and more importantly, requested the Nigerian delegation to shed light on the reservation the country has concerning the utilization of the Community Levy. Responding to the observations made by these Parliamentarians, Hon. Bashir explained that the reservations notwithstanding, Nigeria was committed to meeting up with her financial responsibilities.

She stated that the security challenges in the nation had adversely affected Nigeria’s financial state, adding that being a relatively new government, the President Muhamadu Buhari administration was still grappling with some other financial commitments.

Source: Dailypost.ng

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