President Bola Ahmed Tinubu has reportedly asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy amid rejection by Nigerians.
A report on Sunday quoted presidential sources disclosing
Tinubu’s position on the cybersecurity levy.
This followed the decision of the House of Representatives,
which, last Thursday, asked the CBN to withdraw its circular directing all
banks to commence charging a 0.5 per cent cybersecurity levy on all electronic
transactions in the country.
Recall that CBN, on May 6, 2024, issued a circular mandating
all banks, mobile money operators, and payment service providers to implement a
new cybersecurity levy.
The levy did not go down well with Nigerians, the Nigerian
Labour Congress, and the Centre for the Promotion of Private Enterprises.
NCL rejected the levy, noting it would worsen the economic
hardship on Nigerians.
Similarly, CPPE, in a statement by its director, Dr Muda
Yusuf, called for its suspension as it is insensitive when Nigerians face
severe economic hardship.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com