Chairman of the ECOWAS Authority of Heads of State and Government, President BOLA TINUBU, has tasked member states of the region on fulfilling financial commitments to the regional body to effectively tackle security challenges. 

Speaking at the 65th Ordinary Session of ECOWAS, he emphasized that substantial financial resources are crucial to operationalize the ECOWAS Standby Force and combat terrorism, banditry and violent extremism. 

President TINUBU urged member states to honor their financial obligations to enable ECOWAS to meet the expectations and recommendations of its ministers of Defense and Finance.

He believes that fulfilling these commitments will help stabilize the region and counter insecurity.

He stated that by meeting their financial commitments, ECOWAS member states will demonstrate their dedication to regional security and cooperation, enabling the community to better address the security challenges facing West Africa.

President BOLA TINUBU urged ECOWAS member states to unite and develop innovative approaches to unlock the region’s economic potential and promote prosperity. 

He acknowledged the economic hurdles hindering progress and stressed the need for partnerships, investment, and infrastructure development.

President TINUBU emphasized the importance of a conducive business environment to stimulate growth and build resilience against external shocks. 

Addressing the financial challenges facing ECOWAS, he urged member states to comply with the protocol on community levies to ensure adequate resources for the organization’s programs, assuring of Nigeria’s commitment not to default on its own finance commitments.

Also speaking at the event, the president of the ECOWAS Commission, OMAR TOURAY informed the gathering of a proposal for a special extraordinary session to consider the future of the regional body.