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Nigeria contributes $710m to ECOWAS, more than 13 countries put together

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ECOWAS customs union will facilitate free trade - Finance Minister

Nigeria has contributed more money to the Economic Community of West African States (ECOWAS) than 13 other Members states put together in the last 12 years, statistics have shown.

Statistics on payment of the Community Levy showed that between 2003 and 2015, Nigeria paid $710, 497,352, equivalent to 480, 355,205 West Africa Units of Account (UA).

The West Africa UA is the official nominal monetary unit of measure or currency used to represent the real value.

The document was presented by the ECOWAS Commission as part of the Status of the Community report during an Extra Ordinary Session of the ECOWAS Parliament.

In the same period, 13 other countries contributed a cumulative amount of 697. 947 million dollars.

The countries are Benin, Burkina Faso, Cabo Verde, Cote d’Ivoire, Guinea, Guinea Bissau, Gambia, Liberia, Mali, Niger, Senegal Sierra Leone and Togo.

Out of the 13 countries mentioned, Guinea Bissau contributed the least amount of 3. 107 million dollars followed by The Gambia with 11. 171 million dollars and Cabo Verde with 12.879 million dollars.

Within the period, Sierra Leone contributed 19. 632 million; Liberia 29. 988 million dollars; Guinea 31. 101 million; Niger 37. 788 million; Togo $48. 961 and Cote d’Ivoire $54. 173 million.

Benin Republic contributed a total of $76. 147 million; Mali paid $93. 538 million; Burkina Faso with $105. 278 million; while Senegal paid $174. 177 million.

The highest paying country after Nigeria is Ghana which paid $327. 976 million within the same period.

According to the statistics, a total of $1. 736 billion was contributed within the period by all 15 member states, with Nigeria paying 40.9 per cent of the amount.

The News Agency of Nigeria (NAN) reports that the budget for each financial year is met by the member states through their contributions to the Community Levy, a 0.5 per cent tax imposed on goods from non-ECOWAS countries.

The national customs administrations of member states are responsible for “assessment and collection” of the levy and daily record “accounts of amounts received”.

However, the contributions by Nigeria is not equivalent to the weight it pulls in the sub-regional body, especially in the Parliament.

For instance, out of the 35 seats allocated to Nigeria in the Parliament, many of the representatives are usually absent during plenary.

At the plenary in May 2018, only four members out of 35 were present on the day Nigeria presented its Country Report.

Also, during its recent ongoing Second Ordinary Session, less than 10 were present for the aforementioned presentation.

The absenteeism by Nigerians also got the attention the Bureau of Parliament and other members who expressed displeasure at the attitude of the Nigerians.

Some representatives from Nigeria also admitted that the attitude had become worrisome and needed to be addressed.

Shehu Garba who briefed newsmen after the presentation by Nigeria at the on-going session, said it was time the leadership of the delegation intervened and deployed people who had time for parliament’s activities.

(NAN)

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Wrong Giving Can Make You Poor — Reno Omokri 

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Reno Omokri in his Nugget on Friday corrected the popular notion that giving can never make you poor.

The ex- aide to former President Goodluck Jonathan said that wrong giving can actually make one poor. Read below…

“It is a lie that no one has become poor by giving. Giving can make you rich, depending on who you give to.

For instance, you can never be poor if you give to God, your parents and the poor.

However, there are very many men who became poor by giving to girlfriends. A man has no obligation to look after his girlfriend.” He wrote.

Giving money to a girl you sleep with makes her more appropriately a prostitute, not a ‘friend’ #RenosNuggets

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Polls: Beware of Voodoo Dollars in Circulation, EFCC Warns Nigerians

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…Takes Campaign to BDC Operators

The Economic and Financial Crimes Commission, EFCC, on Thursday, February 21, 2019 took its sensitization campaign to Bureaux de Change, BDC operators at the Wuse Zone 4 Office in Abuja, the Federal Capital Territory.

The EFCC team, which was led by ADC Aisha Larai Musa, Head, EFCC’s Creative Communications Unit, used the opportunity to warn the BDC operators on the dangerous trend of an influx of fake Dollar notes now in circulation.

Advising the operators to be at alert, Musa, urged them to be cautious because “as the electioneering period peaks, you are now a soft target for money laundering and circulation of fake dollar notes”.

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Woman shares testimony of how she found snake inside her house where her children slept

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Nigeria News

A woman recently disclosed on Facebook God saved her children after she found a snake in her house.

The woman, who identified herself as Chisom Chiedozie said she found the snake inside her living room just few hours after she carried her children to their room from the mat they were sleeping on in the same room.

She shared:

“And you tell me there’s no God abi? just few minutes ago I saw this snake inside our living room. God has a way of saving his children, he is God and not man, this mat was on the floor few hours ago, my kids was laying on it then my kids slept I took them to the their room to sleep, what if the snake pentrated and bite them without me knowing, since they are asleep, what if the Gen is not on? What if I didn’t see it and it crawls inside the bedroom and hide somewhere?

My girl was even on the floor few minutes before we saw it, what would I have told her people, so many what if I swear, lately I enjoy sleeping on the mat cos of the hot weather, God saved me and my family, I can’t thank you enough father.

He that dwelleth in the secret place of the most high shall abide under the shadow of the almighty.”

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