The African Development Bank Group (AfDB) has approved a $5.52 million grant aimed at strengthening tax administration and improving domestic revenue mobilisation in Nigeria and several West African countries.
The development was disclosed in a weekend issued by the bank announcing the signing of a grant agreement with the West African Tax Administration Forum (WATAF).
The initiative is expected to help participating countries modernise their tax systems, strengthen governance structures and boost revenue collection to support development priorities across the region.
According to the bank, improving tax administration has become increasingly critical for West African governments seeking to expand domestic revenue and reduce their reliance on external borrowing.
The bank noted that more efficient tax systems would enable governments to generate the fiscal space needed to fund infrastructure, social services and other development programmes.
“Strengthening tax administration is essential for creating the fiscal space needed to support economic development across West Africa,” said Abdul B. Kamara, Director General of the African Development Bank for Nigeria.
