Here is what it looks like to transfer money through banks starting from 19th January.

For each Mobile, Card, and USSD transfer you make, you would pay:

-7.5% VAT for the government
-N50 electronic levy
-Bank transfer charges

To be a Nigerian, you pay daily with your hard-earned money through a transfer.

To do business or earn in Nigeria, you pay monthly or annually with:

-Corporate tax up to 25%
-Income tax up to 25%
-7.5% VAT on goods and services

At this point, cash and crypto payment is the only solution to this madness.

Get a DEX crypto wallet. Let customers pay you through crypto. Then only route your daily expenditures through banks. But store and transfer huge amounts of money in crypto. It's 100% safe.

It's time to pivot or protest, not time to adapt to this unjust tax law aimed to mass extract from hard-working Nigerians.