Home News Nigerians To Start Paying More For Calls, Data Services

Nigerians To Start Paying More For Calls, Data Services

Nigerians To Start Paying More For Calls Data Services

A new report suggests Nigerians may soon start paying higher tariffs for both calls and data services. This is coming as the Central Bank of Nigeria (CBN) plans to implement section 44 of the Cybercrime (Prohibition, Prevention etc) 2015 Act. The Act, according to the report, spells out the model of financing the National Cyber Security Fund.

Section 44, sub-sections 2 and 2a, reads;

There shall be paid and credited into the Fund established under subsection (1) of this section and domiciled in the Central Bank of Nigeria: (a) a levy of 0.005 of all electronic transactions by the businesses specified in the second schedule to this Act.

Other section to be affected with the new act includes; Internet Service Providers, include financial institutions, insurance companies and the Nigerian Stock Exchange.

Kicking against the move, The Association of Telecommunications Commission (ATCON) says the Act will lead to an increase in the tariff of telecommunications services. The Association says the burden of the levy will more likely fall on the customers.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.