Africa Economy Headline News

ECOWAS leaders discuss improving tax management

The politics of tax management in West Africa has come under scrutiny as stakeholders from across the sub-region have converged on Abuja to brainstorm on ways of improving revenues amidst growing economic challenges.

The Head, Corporations, European Union for Nigeria and the Economic Community of West African States, ECOWAS, Cecile Tassin-Pelzer expressed worry that the tax mobilisation level in West Africa was still very low largely due to political interference, hence the need for the talks.

For the Director, Customs Union and Taxation, ECOWAS, Salifou Tiemtore, there is the need for a more streamlined visa procurement process and custom services in the sub region to improve tax revenues.

Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed who was represented by the Director Technical Services, Fatima Hayatu said the Buhari administration was committed to ensuring better tax regimes to reduce the nation’s debt burden.

Countries attending the conference holding under the ECOWAS platform and financed by the EU include Cape Verde, Ghana, Togo , Gambia, Guinea Bissau,  Senegal, Niger, Liberia and the host, Nigeria

Writing by Victorson Agbenson; Editing by Annabel Nwachukwu