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West Africa Faces Revenue Loss Without VAT Digitalisation — WATAF

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West Africa

VAT digitalisation West Africa is urged by WATAF to boost revenue, reduce leakages and improve tax efficiency across ECOWAS economies

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The West African Tax Administration Forum (WATAF), a regional body focused on tax policy coordination, on Wednesday, April 23, 2026, called for accelerated digitalisation of Value Added Tax systems across West Africa, warning that outdated processes are undermining revenue mobilisation and slowing economic growth.

Also read: Tinubu felicitates Elumelu on birthday, hails Africapitalism Drive

The call was made during a high-level regional forum in Abidjan, Côte d’Ivoire, organised by the African Development Bank, bringing together tax administrators, policymakers and development partners to assess ongoing reforms in VAT administration across the continent.

Speaking during a panel discussion on VAT reform, WATAF Executive Secretary Jules Tapsoba stressed that the VAT digitalisation West Africa agenda is critical for improving efficiency, reducing leakages and strengthening compliance across member states.

Tapsoba said digital transformation remains the most powerful tool for improving VAT performance in the region, cautioning that failure to adopt modern systems would continue to result in inefficiencies and lost revenue.

He highlighted structural challenges affecting VAT collection, including a large informal sector, weak tax compliance culture, limited digital infrastructure and poor coordination between customs and domestic tax authorities.

According to him, these weaknesses have contributed to delayed VAT refunds, revenue leakages and reduced liquidity for businesses operating within the region.

Despite ongoing reforms such as electronic invoicing, online taxpayer registration and automated filing systems in several countries, Tapsoba noted that implementation remains uneven and fragmented across West Africa.

He urged member states to align their national VAT systems with the ECOWAS VAT harmonisation directive adopted in 2023, ahead of the 2027 compliance deadline, stressing that coordination is essential for building a unified regional market.

Also speaking at the forum, AfDB governance official Eline Okudzeto highlighted progress made in other African regions while noting persistent challenges in system integration and enforcement.

Other stakeholders from regional tax bodies and ECOWAS reinforced the importance of VAT as a key domestic revenue source, while acknowledging the difficulties in achieving full compliance.

Also read: Oando participates as Lead Sponsor of Africa Oil Week 2023

The forum concluded with a call for stronger political commitment, improved institutional coordination and faster implementation of digital tax systems to support long-term fiscal sustainability across West Africa.

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu

Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

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The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.

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Glo @23: Staff Unite for a Memorable Sports Celebration

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Glo marks its 23rd anniversary with a lively staff sports fiesta in Lagos, featuring football, games, prizes and celebrations centred on teamwork (more…)

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