Mali, Niger, Burkina Faso Impose 0.5% Levy on Goods from Nigeria, ECOWAS скачать в хорошем качестве

Mali, Niger, Burkina Faso Impose 0.5% Levy on Goods from Nigeria, ECOWAS

Mali, Niger, and Burkina Faso—the new Breakaway Alliance of Sahel States (AES)—have imposed a 0.5% levy on goods from Nigeria and ECOWAS nations. The tariff, effective immediately, is intended to fund the activities of their newly formed three-state union following their exit from the ECOWAS bloc. Oladipo Ajayi, Head of Fixed Income and FX at Chapel Hill Denham, provides expert insight into the implications of this new policy. The tariff could disrupt regional trade, significantly impacting Nigeria’s exports of petroleum products, cement, manufactured goods, and food items. This move raises questions about its sustainability, given the high inflation rates in the Sahel nations and the potential strain on regional supply chains. Introducing this levy could also spark retaliation from ECOWAS member states, risk fragmenting economic ties across the region, and challenge the African Continental Free Trade Area (AfCFTA) goals. Is this a step toward financial independence or a move that threatens regional unity and prosperity SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance