Abuja, Nigeria – The African Development Bank (AfDB) approved a $5.52 million grant to improve tax systems in Nigeria and five other West African nations.
The funds target better revenue collection through the West African Tax Administration Forum (WATAF). Nigeria, West Africa’s largest economy, joins Burkina Faso, Guinea, Guinea-Bissau, The Gambia, Liberia, and Sierra Leone in the effort.
The grant funds the Strengthening Tax Administration Capacity Project in West Africa until 2030. It provides digital tools, training, and oversight for tax and customs work. Governments aim to cut leaks and boost domestic funds over loans.
Okay News reports key statements from leaders. AfDB’s Nigeria Director General Abdul B. Kamara said, “Strengthening tax administration is essential for creating the fiscal space needed to support economic development across West Africa.” WATAF Executive Secretary Jules Tapsoba called it a major milestone for regional tax work.
The project builds ties with the Economic Community of West African States (ECOWAS). It covers electronic invoicing, transfer pricing for mining, and value-added tax rules. Gender-sensitive policies and African Continental Free Trade Area training feature too.
Nigeria’s new tax laws took effect January 1, 2026. President Bola Tinubu signed the Nigeria Tax Act, Tax Administration Act, Joint Revenue Board Act, and Nigeria Revenue Service Act. These reforms seek higher revenue and investment.
AfDB provides the cash via its African Development Fund. A steering committee with WATAF and ECOWAS will guide it. Nigeria’s revenue service shares expertise across borders.
Stronger taxes mean less debt for development projects. West Africa gains tools against illicit flows. The push fits global calls for fair revenue systems.
