NIGERIA’S LATEST FINANCIAL BURDEN: THE ELECTRONIC MONEY TRANSFER LEVY

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Insight101WithCCFrancis (#615)

The Nigerian government’s recent introduction of the Electronic Money Transfer Levy (EMTL) has left many citizens reeling. This new policy, which imposes a N50 charge on electronic transactions exceeding N10,000, has been widely criticized as another example of the government’s insensitivity to the plight of its people.

At a time when Nigerians are struggling to cope with the country’s economic challenges, the government’s decision to introduce yet another tax on its citizens is nothing short of baffling. The EMTL is a stark reminder of the government’s penchant for prioritizing revenue generation over the welfare of its people.

The Nigerian government’s track record of providing basic amenities to its citizens is abysmal. The country’s healthcare system is in shambles, its roads are in a deplorable state, and the power supply is epileptic. Access to clean water and quality education are luxuries many Nigerians can only dream of.

In this context, the introduction of the EMTL is a cruel joke. It’s a clear indication that the government is out of touch with the realities of its people. The EMTL is not just another tax; it’s a symbol of the government’s disdain for the welfare of its citizens.

As the government continues to milk its citizens dry, it’s essential to ask: what’s the end goal of these policies? Are they designed to alleviate the suffering of Nigerians or to further exacerbate it? The Nigerian people deserve answers, and they deserve better.

The EMTL is a stark reminder of the government’s failure to provide for its citizens. It’s a call to action for Nigerians to demand more from their government. We deserve better, and it’s time we start holding our government accountable for its actions.

I am CC Francis

…Always better than yesterday

 

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Blossom Chukwu is a dynamic leader, public speaker, prolific writer and publisher. With over fifteen years of experience in the media industry, she has worked in different capacities: a reporter for ThisDay Newspaper, a correspondent for National Standard Magazine and several other media projects. She has also served as a broadcast media practitioner with years of experience as a television producer, researcher, scriptwriter, and editor in Loveworld Plus Satellite TV Station where she rose to Head of News. She has proven to be an asset in news programming and documentary productions. She graduated with a Second Upper-class honour in English and Literature from the University of Benin as the best graduating student in her set 2001/2002 session. She holds a Master’s Degree in Diplomacy and Strategic Studies (MDSS) from the University of Lagos. She runs her pet project tagged, BlossomNigeria Initiative, which is to inspire Nigerians in the direction of nation-building and national development. Through her website, www.blossomnigeria.com, she publishes the impact of individuals, organisations, political office holders, traditional rulers and government agencies on society and the nation at large. Contact: Phone: 08030887339, 08024789646 Email: chukwublossom@gmail.com, www.blossomnigeria.com

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