News
TUC Moves To Shut Down Nigerian Economy
The Trade Union Congress (TUC) on Wednesday threatened to shut down the Nigerian economy over the cybersecurity levy recently introduced by the Central Bank of Nigeria.
The Central Bank of Nigeria has introduced a cybersecurity levy on certain transactions.
This was disclosed in a circular from the apex bank on Monday directed to all commercial, merchant, non-interest and payment service banks, among others.
However, TUC in a statement signed by its President, Festus Osifo, on Wednesday, called on the Nigerian government to order the Central Bank of Nigeria to immediately withdraw the circular and cancel the planned levy.
It said failure of the government to do so would result in the shutdown of the economy.
The group slammed the directive by the CBN to banks imposing a 0.5 per cent cybersecurity levy on almost all electronic transactions, adding that Nigerians are interested in the urgent conclusion of discussions around the minimum wage and not a vexatious policy.
He said, “The Trade Union Congress of Nigeria (TUC) has received with a rude shock the recent directive by the Central Bank of Nigeria (CBN) in a circular to banks imposing a 0.5 per cent cybersecurity levy on almost all electronic transactions.
“It is indeed illogical that this is coming at a time when Nigerians are grappling with the high cost of living that is imposed by the devaluation of the Naira, hyper hike in the cost of Petrol, supersonic increment in the cost of electricity tariff, etc.
“We are quite disturbed that since the inception of this administration, its policies have brought pain, anguish and sorrow to Nigerians. Whereas a bank account holder in Nigeria today is currently charged stamp duty, transfer fee, 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 the 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.
“The National Assembly which ought to be the bastion of democracy and the protector of the citizens often times engages in collusion with elements within the executive to exploit the people.
“How can such an 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.
“Financial analysts have done a preliminary estimate using the 2023 online transfer volume in Nigeria that fell within these categories and put the value at over 2 trillion Naira; 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 the misery index.
“The cost of living is at an all-time high, food inflation is biting, all contributing to the miserability of Nigerians. This act is viewed as a deliberate plot to continue to drain Nigerians of their hard-earned money and we kick against this vehemently.
“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 that the minimum wage would have brought to the people when concluded.
“We call on the federal government to give a marching order to the Central Bank of Nigeria to immediately withdraw the circular and cancel the planned levy forthwith; failure of which we will be left with no option but to mobilize all our 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.
“Enough is enough; Nigerians must breathe! These extortions must stop.”
A 27-year-old Nigerian man, identified only as Popori, has been arrested in Grenoble, France, for allegedly stabbing a fellow citizen, Monday, to death.
It was gathered that the incident occurred on the evening of Friday, November 22, when a fight broke out between two men during an altercation in a grocery store in Grenoble, Isère, France.
DayFR reports that, according to Grenoble Prosecutor Eric Vaillant, who confirmed information from Dauphiné Libéré, the incident occurred around 8:30pm.
The two men were inside an exotic grocery store when an argument broke out, quickly escalating into a violent altercation.
One of the individuals suddenly stabbed the other in the chest, for reasons still unclear.
Emergency services arrived on the scene but were unable to revive the victim.
On Saturday, the Grenoble public prosecutor announced that a 27-year-old Nigerian man had been taken into police custody at 12:30pm as part of an investigation initiated by the local judicial police service.
Alhaji Muhammadu Inuwa, the longest serving traditional ruler in Bauchi State, is dead.
Inuwa, the village Head of Beli (Sarkin Beli) in Shira Local Government Area of Bauchi, passed away at the Federal Medical Center Azare, Katagum Local Government Area of the state.
The monarch who was 111-year-old spent 91 years on the throne.
Chief Imam of Beli, Liman Musa Abubakar, confirmed the death of monarch which he described as a great loss to the entire people of Northern Nigeria.
During one of the interviews with Daily Trust in his lifetime, the late monarch had said, “Their grandfather was appointed as village head of Beli. He spent 12 years on the throne. He died and our father was appointed the village head. He spent 17 years. After that, I was appointed to the throne when I was 19 years old. This means that by my calculation, I was born around 19 12 or 1913. I was appointed to the throne around 1933 by the Emir of Katagum, AbdulQadir.”
The monarch lived and worked with four different first class Emirs of Katagum.
“We lived with the Emir of Katagum Abdulqadir who appointed me for 12 years before he left the throne and died six months later. Emir Umaru Faruqu was appointed. We spent 35 years with him.
When he died, his son, Muhammadu Kabiru was appointed. We spent 38 years with Emir Kabiru before he died, Again, after Muhammadu Kabiru, the present Emir of Katagum, Umaru Faruq II, was appointed. We lived with him for Six years.
Late Inuwa had said, “I am almost 91 years old on the throne. Alhamdulillahi, we live in peace with the people. And I gave birth to 11 people. Some of them died, but there are seven of them alive – four men and three women.
Many people interviewed said he was a peaceful ruler who [had] listening ears and worked for the peace of the land.”
Governor Dikko Radda of Katsina State on Monday presented the State’s 2025 Budget Proposal to the state House of Assembly.
This is the second full year budget the governor is presenting to the House, which is in the sum of N682,244,449,513.87, covering Recurrent Revenue and Expenditure.
The Budget’s Recurrent Expenditure stands at the sum of N157,967,755,024.36 representing 23.15% while, Capital Expenditure stands at N524,274,694,489.51 representing 76.85%.
The Governor in his speech, announced that, the total of this budget when compared with that of the 2024, has an increase of N200,535,619,501.61, representing 40% increase.
The Governor, at the beginning of his speech, assured the House that his administration has achieved many of its goals and is on course to meet and exceed its targets.
He insisted that his administration has successfully reversed the tide of insecurity which severely threatened the peaceful co-existence of people in the State.
“Many of our local governments have been restored to normalcy while pushing the bandits to the fringes of the forests and, Insha-Allah, to the end of their existence.
“We have expended a lot of resources in fighting insecurity, and we shall continue to do all we can to protect lives and livelihoods in our dear state. I thank the Honourable Members for your support and dedication to ultimate victory,” he said.
The Governor while ranking MDAs by allocations, revealed that the Economic Sector got N302,246,140,569.76 representing 44.3%, followed by the Education Sector with 95,995,873,044.70 representing 14%.
In the same vein, the Ministry of Agriculture and Livestock Development got 81,840,275,739.70 representing 12% while the Ministry of Rural and Social Development got 58,728,146,293.72 representing 9%.
Other sectors such as the Ministry of Water Resources, 53,832,219,322.46 representing 8%, Ministry of Environment, 49,835,521,799.25 representing 7%, Ministry of Health, 43,881,752,172.75 representing 6%, Ministry of Internal Security and Home Affairs 18,938,508,746.95 representing 3%, Ministry of Works, Housing and Transport 9,684,806,758.56 representing 10%.
Other sectors he said are in the sum of 230,759,902,908.71 representing 31% of the total proposed budget
Nigerian Man Nabbed For Stabbing Fellow National To Death In France
Police Arrest 36-Year-Old Woman For Child Trafficking, Rescue Three Children
Longest serving monarch dies at 111
Just in: Terrorists ambush military truck, kill all soldiers on board
Nigerian Dancer, Korra Obidi Attacked with acid, stabbed on stage In UK
Meet Rare Gem 16 Years Old Chiaza, CEO of ‘RUN MARKET PLACE’
-
Metro15 hours agoFarmer allegedly beats suspected thief to death in Ondo
-
Foreign16 hours agoHezbollah launches largest attack on Israel, hits Ashdod naval base, Tel Aviv
-
Sports16 hours agoLukaku keeps Napoli top of Serie A with Roma winner
-
News15 hours agoMany Pastors Are Not Enjoying Their Marriages Due To Wives’ Behaviours – Bamiloye
-
News15 hours agoAbia bans unauthorised free medical outreaches
-
Metro15 hours agoArmy destroys 34 illegal refineries in Niger Delta
-
Sports16 hours agoMbappe on target as Real Madrid cruise to Leganes win
-
News9 hours agoJust in: NYSC Releases Batch ‘C’ Corps Members Call Up Letters