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TUC, LCCI, Others Urge Government to Revoke 0.5% Cybersecurity Levy on Bank Transactions

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The TUC has urged government to revoke the 0.5% cybersecurity levy on bank transactions, citing economic burden on downtrodden Nigerians.

Trade Union Congress (TUC) and Lagos Chamber of Commerce and Industry (LCCI), on Wednesday, asked the federal government to rescind the decision to impose a cybersecurity levy on citizens’ bank transactions.

In separate statements, the organisations expressed shock over the recent directive by the Central Bank of Nigeria (CBN) to banks, imposing the 0.5 per cent levy on almost all electronic transactions.

Similarly, Labour Party (LP) presidential candidate in the 2023 general election, Peter Obi, on Wednesday, described the new levy as “taxes too many and aimed at milking a dying economy”.

A statement by TUC President, Festus Osifo, said the policy was illogical, as it was coming at a time that Nigerians were grappling with high cost of living brought about by the devaluation of the naira, hike in the cost of petrol, as well as the increment in the cost of electricity.

Osifo said, “We are quite disturbed that since the inception of this administration, its policies have brought pain, anguish and sorrow on Nigerians.

“A bank account holder in Nigeria today is currently charged stamp duty, transfer fee, Value Added Tax (VAT) on transfer fee, and all forms of account maintenance levies by both government and the banks. This burden seems not to be enough, as government is poised to inflict further pain on the already battered Nigerians.

“So many policies of this government are not only imposing hardship on the downtrodden Nigerians, but also on businesses, as some of them are shutting down because of the unfriendly business environment.

“We call on the federal government to give a marching order to the CBN to immediately withdraw the circular and cancel the planned levy forthwith; failure of which we will be left with no option than to mobilise all our members, stakeholders and, indeed, the entire masses to embark on immediate protest that would culminate in the total shutdown of the Nigerian economy as this is one exploitation too many.”

TUC regretted that the National Assembly that ought to be the bastion of democracy and the protector of the citizens had often engaged in collusion with elements within the executive to exploit the people.

It added, “How can such obnoxious law see the light of day in a truly people-oriented legislative house. This is, indeed, a conspiracy of the oppressors against the masses and citizens of this country and it must be resisted by all well-meaning Nigerians.

“What kind of cybercrime are we fighting with this humongous amount of money? This ugly development will further encourage people to hoard cash at home, reduce financial inclusion, increase poverty and exacerbate misery index.”

TUC stated that the cost of living was at an all-time high, and food inflation was biting, all contributing to the miserable index of Nigerians. It described the new charge as a deliberate plot to continue to drain Nigerians of their hard-earned money.

TUC said, “All Nigerians are interested in right now is the urgent conclusion of discussions around the minimum wage, and not a vexatious policy that is further reducing the already depleted disposable income of the masses and indirectly ridiculing the gain, which the minimum wage would have brought to the people, when concluded.”

LCCI equally expressed deep concern that the funds from the charge might not be used to enhance the country’s cybersecurity architecture to guarantee cyber-safety for technology users in Nigeria.

Director General of LCCI, Dr. Chinyere Almona, said in a press release that the justification for the levy was unclear. Almona demanded that it should be withdrawn to allow more consultations with critical stakeholders.

Almona said, “The directive that the remittance of this levy should go to the Office of National Security Adviser suggests that the funds may not be used to enhance our cybersecurity architecture to guarantee cyber-safety for technology users in Nigeria.

“We believe that since the collection of this levy cannot guarantee the protection of payers from cyberattacks, it is difficult to justify its collection at this time.

“In the same vein, the collection approach with some exemptions can create confusion regarding what transactions really qualify for the exemptions.

“Implementing of this directive can gradually encourage some people to return to holding cash to avoid paying the levy. This can negatively impact the achievement already recorded with the cashless policy.”

It warned that in the face of biting inflation that had continued to weaken the purchasing power of consumers and with companies burdened with a rising cost of production, any imposition of additional cost burden will slow down economic activities.

On his part, Obi lamented that instead of nurturing the recovery and growth of the economy, the government, by its multiple taxation, was more interested in heaping more burden on the people who were already suffering severe economic stress.

Senior Advocate of Nigeria (SAN), Kunle Adegoke, also said the 0.5 per cent cybersecurity levy banks will charge on electronic transfers will increase hardship for the poor Nigerians. Adegoke stated this in a television programme monitored in Abuja on Wednesday.

The senior lawyer said poor Nigerians were already complaining about certain charges on their transactions.

He stated, “Why I feel the timing is not appropriate is this, the law being implemented by the CBN is the Cybercrime Act of 2015, which was recently amended in 2024. And the provision requiring that 0.5 per cent be levied was contained in the 2015 Act.

Adegoke said the directive by the CBN that 0.5 per cent to be levied on every electronic transaction emanated from 2024 amendment act.

“With this position, one feels that the spectrum of society that is going to feel it much more will be the people in the lower rungs of the economic ladder, whereas the rich and the elite may not feel it as much considering the amount that may be involved in the transactions to be carried out,” remarked Adegoke.

 

Abuja Reports

Caritas Nigeria Urges Ecological Conversion, Climate Action

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By Samson Adeyanju

Caritas Nigeria has called on Nigerians to embrace what Pope Francis describes as “ecological conversion,” urging citizens, institutions and governments to move beyond environmental rhetoric and take concrete action against climate change and environmental degradation.

The call was made during the commemoration of World Environment Day 2026 at the Catholic Secretariat of Nigeria (CSN) Training Hall, Abuja, under the theme: “Inspired by Nature. For Climate. For Our Future.”

Delivering an address on behalf of the Catholic Secretariat of Nigeria, the Deputy Secretary, Rev. Fr. Augustine Okochi, described care for the environment as a moral, spiritual and ethical responsibility rooted in Christian faith.

“Our concern for the environment is not a passing trend. It is part of our moral duty, our Christian witness, and our responsibility to future generations,” he said.

Fr. Okochi noted that climate change is already affecting communities through flooding, land degradation, water pollution, rising temperatures and declining livelihoods, with the poor, women, children and displaced persons bearing the greatest burden.

He commended Caritas Nigeria’s efforts in environmental awareness, tree planting, climate-smart agriculture and support for vulnerable communities, while urging families, schools, parishes and institutions to cultivate a culture of environmental stewardship.

Speaking at the event, Caritas Nigeria’s Environmental Focus President, Dr. Pascal Onu, stressed the importance of educating young people on environmental protection through debate and quiz competitions.

“We believe it is important to catch them young. When we imbibe the right environmental culture in our children, it goes a long way in protecting the environment,” he said.

Dr. Onu identified inadequate infrastructure, poor waste management systems and limited funding as major obstacles to environmental sustainability despite increasing public awareness of climate issues.

Also speaking, Director of the Department of Climate Change at the Federal Ministry of Environment, Dr. Iniobong Abiola-Awe, reaffirmed Nigeria’s commitment to climate action through initiatives such as the National Adaptation Plan, Nationally Determined Contributions (NDCs), the Just Transition Action Plan and the National Clean Cooking Policy.

She emphasized the role of young people in advancing climate solutions through programmes such as the Eco-Schools Initiative and the Youth Climate Innovation Hub.

In a goodwill message, the Abuja Environmental Protection Board (AEPB), represented by Chief Environmental Health Officer Omenta Rachael Chinenye, urged Nigerians to draw inspiration from nature in addressing environmental challenges and commended the active participation of students in climate debates.

Students at the event said the programme deepened their understanding of environmental protection, forest conservation and sustainable living, pledging to promote environmental responsibility in their schools and communities.

The event brought together religious leaders, government officials, environmental experts, students and development partners who renewed their commitment to building a cleaner, greener and more climate-resilient Nigeria.

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Abuja Reports

Ekiti Attack, an Assault on Church, Human Dignity -CAN

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By Samson Adeyanju 

The Christian Association of Nigeria (CAN), has described the recent attack on a church gathering in Eda Oniyo, Ekiti State, where a pastor was killed and several worshippers abducted, as an assault on the Church, human dignity, and the sanctity of life.

In a statement issued on Tuesday and signed by the President of CAN, His Eminence, Archbishop Daniel Okoh, CAN expressed deep shock over the incident, noting that the victims were attacked while peacefully gathered for an open-air crusade.

The association strongly condemned the violence, stressing that it was not only an attack on a place of worship but also a “brutal assault on shared humanity.”

CAN mourned with the family of the slain pastor and expressed solidarity with the victims and the Christian community in Ekiti State. It also called for the immediate and safe release of those abducted, urging security agencies to act without delay.

The association further noted that the Ekiti incident reflects a disturbing pattern of insecurity, referencing similar attacks in parts of Kogi State where residents, including clergy and their families, were abducted. It warned that the repeated incidents point to a deepening security crisis in the country.

CAN stressed that the protection of lives and property remains the primary responsibility of government, calling for swift, decisive, and transparent action to apprehend the perpetrators and rescue the abducted victims unharmed.

It also urged authorities to strengthen security presence in vulnerable communities and improve intelligence gathering to prevent further attacks.

The body condemned what it described as the growing normalization of violence against worshippers, warning that such acts reflect a dangerous disregard for life, faith, and national values.

It called on Nigerians and relevant authorities to speak out firmly against insecurity and ensure that places of worship are not turned into targets for criminal attacks.

CAN concluded by praying for comfort for the bereaved families, the safe return of the abducted worshippers, and lasting peace and security in the country.

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Abuja Reports

CAN Condemns Jos Killings, Demands Action

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By Samson Adeyanju

The Christian Association of Nigeria has strongly condemned the killing of innocent Nigerians during a Palm Sunday attack in Jos, Plateau State, describing the incident as unacceptable and a grim reminder of the country’s worsening security situation.

In a press statement signed by its President, Archbishop Daniel Okoh, the association decried the March 29 attack in Angwan Rukuba, Gari Ya Waye area of Jos North, where armed men reportedly stormed a civilian community and opened fire on defenceless residents.

CAN lamented that what should have been a sacred day of peace and reflection turned into a moment of bloodshed, as men, women and children were killed in cold blood, leaving families shattered and the community traumatised.

The apex Christian body expressed deep concern over reports that the attackers wore uniforms resembling those of Nigerian security forces, warning that such tactics could erode public trust in the military and other security institutions.

“This development is particularly alarming and must be thoroughly investigated,” the statement noted, stressing that security agencies must not only respond to attacks but also take proactive steps to prevent them.

While acknowledging efforts by the Plateau State Government, CAN insisted that temporary responses are no longer sufficient, calling for sustained and effective strategies to guarantee the safety of lives and property.

The association further noted that Nigerians are weary of recurring violence and routine condemnations, urging authorities to ensure that those responsible for the killings are swiftly apprehended and brought to justice.

CAN also advised Christians across the country to remain prayerful but vigilant during the Holy Week, especially as they participate in religious activities such as Good Friday observances and Easter vigils.

The statement emphasised that while faith remains strong, it must be complemented with wisdom and caution in the face of rising insecurity.

“A nation cannot keep bleeding like this and expect to move forward,” CAN declared, adding that the country owes the victims justice, the living protection, and future generations a safer society.

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