Cybersecurity Levy: Tinubu, CBN, let the poor breathe - Seyi Law laments

Comedian Seyi Law has expressed concerns about the recent cybersecurity levy being implemented.

In a post shared on social media, Seyi Law noted his complaints about the inaccurate figures circulating. He pointed out that, according to the act, the levy is 0.005%, while figures between 0.5% to 3% are being mentioned.

He believes that a 0.5% charge in Nigeria is too harsh a punishment for Nigerians. Seyi Law expressed his concern that this amount could discourage banking transactions and encourage people to keep cash.

He urged President Bola Tinubu and the Central Bank of Nigeria Governor, Olayemi Cardoso, to review the new cybersecurity levy.

Seyi Law said:

"I hate when government agencies don't speak up to the understanding of the citizens and allow wrong narratives to fester before tackling it. Cybersecurity levy, according to the act, is 0.005%, and different figures from 0.5% to 3% are being thrown around.

A 0.5% charge in the Nigeria of today is in itself too much punishment on Nigerians. Are we trying to discourage banking transactions again and encourage cash keeping? @cenbank should revisit this abeg.

Stamp duty is something, and now this. It is unacceptable.
@NGRPresident @officialABAT, let the poor breathe. When will the new minimum wage be announced and implemented? Some of your ministers need to look for another job. One year is here and we are counting.”