Ex-MAN Chairman Urges CBN Not to Implement Cyber Security Levy
Dr Wale Adegbite, a former Chairman, of the Manufacturers Association of Nigeria (MAN), Ogun Chapter, has urged the Central Bank of Nigeria (CBN) not to implement the recently announced cyber security levy.
Adegbite appealed in an interview on Wednesday in Ota, Ogun.
He said that the private sector was already facing challenges arising from the high cost of petroleum products, increased food prices, high energy tariffs and low salaries.
”There is an urgent need for CBN to halt this policy so that it will not add to the challenges being faced by the private sector and Nigerians at large.
”We are aware that the Federal Government has directed CBN to deduct 0.5 per cent levy for cyber security.
”The question most Nigerians are asking is whether cyber security is our priority at the moment.
”We are at a time when the masses are struggling with inflation and its resultant effect on the cost of living, this is not a suspicious time for such policy,” he said.
CBN in a circular on Monday directed commercial banks and other financial institutions to start charging 0.5 per cent cyber security levy on bank transactions after two weeks.
