Would you like to receive notifications on latest updates of the following headlines?

TUC Threatens Nationwide Shutdown over Cybersecurity Levy

POSTED ON May 8, 2024 •   Politics      BY Benedicta Bassey
TUC President, Festus Osifo/Photo credit: Politics Nigeria


The Trade Union Congress (TUC) has threatened a massive protest that will shut down the Nigerian economy should the Federal Government fail to cancel the controversial cybersecurity levy recently introduced by the Central Bank of Nigeria.

The TUC in a statement signed by its President, Festus Osifo, on Wednesday, slammed the directive by the CBN to banks imposing a 0.5 per cent cybersecurity levy on almost all electronic transactions.

TUC said it is “illogical that this is coming at a time that Nigerians are grappling with the high cost of living that is imposed by the devaluation of Naira, hyper hike in the cost of Petrol, supersonic increment in the cost of electricity tariff, etc.

“The union said it is disturbed that since the inception of the President Bola Tinubu-led administration, government policies have brought pain, anguish and sorrow to Nigerians,” Osifo added.

It lamented that account holders in Nigeria are already dealing with multiple taxation from both the Federal Government and the banks.

The TUC berated the National Assembly for “colluding” with “elements in the executive” to “exploit” the citizens they ought to be protecting.

Saying that all Nigerians are interested in right now is the urgent conclusion of discussions around the minimum wage and not a “vexatious policy”.

The TUC urged the Federal Government to immediately direct the CBN to withdraw the circular to banks and cancel the levy forthwith.

"It said that it will be left with no option but to mobilize all its members, stakeholders and indeed the entire masses “to embark on the immediate protest that would culminate into the total shutdown of the Nigerian economy as this is one exploitation too many.”

READ ALSO
PDP seeks Tinubu’s intervention in Osun Crisis
BY Abiodun Saheed Omodara June 25, 2025 0

The Osun State chapter of the Peoples Democratic Party has urged President Bola Tinubu to step in re...

READ ALSO
24 Lawmakers Leave PDP for APC Amid Unresolved Internal Conflicts
BY Abiodun Saheed Omodara June 25, 2025 0

AKWA IBOM, Nigeria - Twenty-four out of the 26 members of the House of Assembly in Akwa Ibom State h...

READ ALSO
Nigeria's 2024 Budget Capital Extension Draws Criticism from Economists
BY Abiodun Saheed Omodara June 25, 2025 0

The Senate and House of Representatives have once again prolonged the implementation of the capital...

READ ALSO
IPOB Rejects Tinubu's Cattle Ranch Proposal as a Disguise for Land Grabbing
BY Abiodun Saheed Omodara June 25, 2025 0

ABUJA, Nigeria - The Indigenous People of Biafra (IPOB) has expressed its disapproval of President B...

READ ALSO
Tinubu Showoff Chicago Classmate Amid Lingering Certificate Forgery Controversy
BY Abiodun Saheed Omodara June 23, 2025 0

ABUJA, Nigeria - Amid ongoing public debate over his academic credentials, President Bola Tinubu on...

READ ALSO
Ned Nwoko’s Second-Term Endorsement Sparks Rift in Delta North APC
BY Abiodun Saheed Omodara June 23, 2025 0

DELTA, Nigeria - The endorsement of Senator Ned Nwoko for a second term as representative of Delta N...

READ ALSO
Sanwo-Olu meets APC Stakeholders on Tuesday ahead of LG polls
BY Abiodun Saheed Omodara June 22, 2025 0

LAGOS, Nigeria- The Governor of Lagos State, Babajide Sanwo-Olu, has organized a meeting with stakeh...

READ ALSO
SERAP Advise Tinubu to Refer Benue Violence to ICC for Justice
BY Abiodun Saheed Omodara June 22, 2025 0

In light of the recent incidents of violence in Benue State, the Socio-Economic Rights and Accountab...

OUR CHANNELS:

Nigeria's Gemstone Potential: A Deep Dive into 10 Rare Minerals and Their Regions of Origin
BY Abiodun Saheed Omodara June 26, 2025 0

Nigeria is making waves with a revolutionary $400 million Foreign Direct Investment dedicated to cre...


IPMAN Links Rising Petrol Prices to Crude Oil Costs and Market Dynamics
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria (NAN) - The Public Relations Officer of the Independent Petroleum Marketers Associati...


EFCC Charges Businessman, Company with $75,000 Fraud
BY Abiodun Saheed Omodara June 26, 2025 0

A businessman, Peter Otomewu, along with his company, Pebeto Enerji Limited, was brought before the...


Osimhen Willing to Join Manchester United for Under £200,000 a Week
BY Abiodun Saheed Omodara June 26, 2025 0

Victor Osimhen is reportedly willing to accept a weekly wage of just under £200,000 at Manches...


Trump Announces Iran-Israel Ceasefire Deal, Tehran Denies Formal Agreement
BY Abiodun Saheed Omodara June 26, 2025 0

Former U.S. President Donald Trump has announced that Iran and Israel have agreed to a “comple...


French Police Arrest 12 over Alleged Drugging of Women at Music Festival
BY Abiodun Saheed Omodara June 26, 2025 0

French police have arrested 12 individuals suspected of drugging female festivalgoers during the ann...


NATO Warns Iran Against Nuclear Weapon Development Amid Rising Tensions
BY Abiodun Saheed Omodara June 24, 2025 0

In a renewed effort to curb escalating violence in the Middle East, the North Atlantic Treaty Organi...


Mertens Announces Retirement from Football, Cites Age and Fatigue
BY Abiodun Saheed Omodara June 24, 2025 0

Belgian football star Dries Mertens has officially announced his retirement from professional footba...


Qatar Closes Airspace After Iranian Strike on U.S. Base in Doha
BY Abiodun Saheed Omodara June 26, 2025 0

In a swift move to safeguard lives and property, the government of Qatar has closed its airspace fol...


Tinubu Launches National Mechanised Farming Programme to Tackle Food Insecurity
BY Abiodun Saheed Omodara June 26, 2025 0

In a bid to combat food insecurity and encourage youth participation in farming, President Bola Tinu...


More Articles

Load more...

Menu