ECOWAS Parliament approves a budget Of 21,005,052 units of account for 2023

The 2022 Second Extraordinary Session of the Economic Community of West African States (ECOWAS) Parliament ended on Friday, 7 October 2022 in Lomé, Togo, with the adoption of the 2023 draft Budget of the Parliamentary Institution.

This approved budget of 21,005,052 units of account (about US$30,500,000) will enable the ECOWAS Parliament to meet the necessary conditions for achieving its objectives through the financing of several programmed activities.  

While declaring this Session closed, the Speaker of the ECOWAS Parliament, Sidie Mohamed Tunis, said that “our objective remains unchanged and consists of improving the well-being of our people, especially at a time when the global economy is being shaken by the impacts of COVID-19 pandemic as well as the ongoing war between Russia and Ukraine.”

According to Speaker Tunis, Community Parliamentarians are “very much aware of the economic challenges facing our people,” which is why, he continued, “the activities we will carry out in 2023 will consist of contributing to mitigate these challenges.”

To this end, he called on Community Parliamentarians to continually explore all opportunities to improve the living standards of the people of the region.

To achieve this, the Speaker of the ECOWAS Parliament concluded that it is necessary to “plan and build an efficient and pragmatic financial management framework, focused on the well-being of citizens”.