Cybersecurity levy will impoverish Nigerians more – Peter Obi

Peter Obi slams cyber security levy

The 2023 presidential candidate of the Labour Party, LP, Peter Obi, has faulted the newly introduced cyber security levy, saying it would negatively affect the economy. In a statement by Yunusa Tanko, his spokesperson on Wednesday in Awka, Obi said that the focus should shift to nurturing and fully recovering the economy as multiple taxation with the many challenges in the nation would worsen the economy. According to him, the cyber levy which w…

Cybersecurity Levy: TUC threatens to mobilise Nigerians for total shutdown

The union said it is illogical for the CBN to introduce the levy while Nigerians are already dealing with multiple taxation from banks and the government. The Trade Union Congress (TUC) has threatened to shut down Nigeria’s economy if the Federal Government fails to reverse the cybersecurity levy introduced by the Central Bank of Nigeria. The CBN had directed commercial banks and other financial institutions to start charging a cybersecurity lev…

Cybersecurity levy will impoverish Nigerians more – Peter Obi

The Labour Party (LP) candidate for the 2023 general election, Peter Obi, has criticized the Federal Government for introducing the Cybersecurity Levy, saying it will impoverish Nigerians more. The Central Bank of Nigeria (CBN) directed banks to implement a 0.5% cybersecurity levy on certain electronic transactions. CBN gave this directive in a circular dated Monday, […] The post Cybersecurity levy will impoverish Nigerians more - Peter Obi appe…

Cybersecurity levy will put more burden on poor Nigerians –SAN - Daily Trust

Kunle Adegoke, a Senior Advocate of Nigeria, has said that poor Nigerians will bear the brunt of the 0.5 percent cybersecurity levy banks will charge on electronic transfers. The Central Bank of Nigeria (CBN) had directed banks in the country to implement a 0.5 percent cybersecurity levy on electronic transfers. Commenting on the development in an interview on Channels TV’s Politics Today, Adegoke said that poor Nigerians were already complainin…