Peter Obi Raises Alarm Over Government’s Approach To Economic Revival Through Cybersecurity Levy

Peter Obi Raises Alarm Over Government’s Approach To Economic Revival Through Cybersecurity Levy

Peter Obi, the former presidential candidate of the Labour Party, has strongly criticized the Federal government’s decision to implement a Cybersecurity Levy. He argues that this move demonstrates the government’s preference for exploiting a struggling economy rather than fostering its recovery…..READ ALSO Tinubu’s Aide Slams Peter Obi, Label Him As “Bitter”

In a statement issued on May 8th, Obi asserted that the introduction of the Cybersecurity Levy underscores the government’s misplaced priorities. He believes such policies will not only exacerbate poverty among citizens but also diminish the country’s economic competitiveness.

The Central Bank of Nigeria recently mandated banks to impose a 0.5% cybersecurity levy on certain customer transactions. The funds collected are intended for the National Cybersecurity Fund (NCF), overseen by the Office of the National Security Adviser (ONSA).

Obi’s statement further criticizes the transformation of the ONSA into a revenue-generating entity, highlighting concerns about the government’s approach to national security and economic recovery.

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