Federal Government of Nigeria don dey smile to bank as dem generate big money from digital cash transfers. For the first six months of 2024, dem collect N103.7 billion from Electronic Money Transfer Levies.
This figure show say the government dey make serious money from dis new tax. The Electronic Money Transfer Levy be tax wey dem impose on every money transfer wey happen through digital means.
Dis revenue go help the government to fund different projects and programs wey dem get for the country. It also show say more people dey use digital means to transfer money, which be good sign for the economy.
The data wey reveal dis figure come from reliable sources and it dey indicate say the government dey take advantage of the increase in digital transactions to boost their revenue.
