Nigeria Internet Group, an advocacy group that promotes internet access and connectivity in Nigeria, has kicked against the planned introduction of the cybersecurity levy by the Central Bank of Nigeria. The President of NIG, Destiny Amana, who raised the concern in a statement, said if introduced, it would impact negatively on the Nigerian economy, businesses, and consumers. He, therefore, urged the CBN to consider alternative approaches to strengthening cybersecurity without unduly burdening the Nigerian populace. Amana said: “The recent announcement by the CBN regarding the introduction of a cybersecurity levy on electronic transactions is a matter of grave concern. Meanwhile, President Bola Tinubu was reported to direct the apex bank to suspend the cybersecurity levy.

Source: Punch May 13, 2024 12:56 UTC