Seyi Law Questions Government’s Motives for Imposing 0.5% Cybersecurity Levy
Renowned comedian Seyi Law has expressed his discontent with the Nigerian government‘s decision to impose a 0.5% cybersecurity levy on all transactions.
The comedian utilized the X platform to criticize government agencies for their silence on educating citizens and addressing misleading narratives before implementing policies.
He argued that imposing a 0.5% charge is excessively burdensome on Nigerians, especially amidst prevailing economic challenges.
Seyi Law raised concerns about whether the government aims to discourage banking transactions, effectively encouraging citizens to rely on cash instead.
His words: “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 level, 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.”
