African Union convenes Fifth Session on Tax and Illicit Financial Flows in Abuja

Africa, Business, Crime Diary

ABUJA, NIGERIA, 31 March 2026 (NPA) — The African Union has convened the Fifth Session of the Sub-Committee on Tax and Illicit Financial Flows (IFFs) in Abuja, Nigeria, under the theme “Building the Africa We Want Through Tax and Fiscal Policy Reforms to Support Economic Growth and Domestic Resource Mobilisation.”

The meeting, taking place from 31 March to 2 April under the framework of the Specialised Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration (STC-FMAEPI), comes at a crucial moment as Africa intensifies efforts to finance its own development and strengthen the resilience of its economies. It serves as a strategic continental platform for action-oriented dialogue and policy alignment, bringing together Member States, Pan-African institutions, and key partners to strengthen tax systems, curb illicit financial flows, and advance domestic resource mobilisation (DRM) as a cornerstone of sustainable growth.

Anchored in the implementation of Agenda 2063: The Africa We Want, the Fifth Session builds on the momentum of the Fourth Sub-Committee on Tax and IFFs and the Eighth Ordinary Session of the STC-FMAEPI held in Johannesburg in September–October 2025. Delegates are expected to consolidate African positions, share practical experiences, and shape collective responses to evolving global and continental tax reforms.

Hosting the session in Abuja provides Nigeria, through the Nigeria Revenue Service (NRS), with an opportunity to contribute to continental dialogue on tax administration reforms and DRM strategies. It also reinforces collaboration among African tax administrations and institutions in tackling illicit financial flows and strengthening fiscal frameworks.