In response to widespread public backlash and mounting economic pressures, President Bola Tinubu has officially halted the implementation of the 0.5% cybersecurity levy on electronic banking transactions. The decision comes as the rising cost of living and the depreciating Naira currency takes hold.
In response to widespread public backlash and mounting economic pressures, President Bola Tinubu has officially halted the implementation of the 0.5% cybersecurity levy on electronic banking transactions.
Tinubu's decision to suspend the levy apparently reflects a recognition of these concerns and a commitment to addressing the challenges facing Nigeria's financial landscape. The Chief Whip of the Senate, Senator Ali Ndume, has commended President Bola Tinubu for suspending the 0.5% cybercrime levy that was earlier announced by the Central Bank of…
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