By Sabiu Abdullahi
President Bola Ahmed Tinubu has instructed the Central Bank of Nigeria (CBN) to postpone the introduction of the cybersecurity levy.
The source revealed that the President is “sensitive to what Nigerians feel” and does not want to proceed with implementing a policy that adds to the burden of the people.
Therefore, he has asked the CBN to “hold off on that policy and review things again.”
The cybersecurity levy was enacted in 2015 and signed by former President Goodluck Jonathan, but its implementation was scheduled to begin during Tinubu’s administration.
However, the President has decided to review the law to ensure that his government is not seen as “insensitive” to the needs of Nigerians.
The source stated, “The President’s goal is not to just tax Nigerians like that. That is not his intention.”
As a result, the CBN has held off on instructing banks to start charging customers the cybersecurity levy.
This development is seen as a welcome relief to Nigerians who were concerned about the additional financial burden the levy would have imposed.
The review of the cybersecurity levy is expected to take into account the concerns of stakeholders and ensure that any future implementation is done in a way that is fair and considerate of the needs of Nigerians.
Tububu must have succumbed to the reps, not the pretence awareness of the suffering we the citizens have been going through since the day he was sworn into office. Indeed the previous administration was a bit failure however, excusable for the president was not actually economic expert and moreover was surrounded by pseudointellectual who soile rather than polish his government. Whereas Tunibu is an experienced politician and economic guru.