Nigerian comedian Seyi Law has expressed outrage over the Central Bank of Nigeria’s (CBN) introduction of a 0.5% cybersecurity levy on transactions, calling it “unacceptable” and urging the apex bank to reconsider the policy
Seyi Law took to social media to voice his concerns, tagging President Bola Tinubu and asking him to allow the masses “to breathe” amidst the economic hardship.
He questioned when the new minimum wage would be announced and implemented, criticizing some ministers for not doing their jobs effectively.
Seyi Law also pointed out the confusion surrounding the levy, with different figures being circulated, and emphasized that a 0.5% charge is too punitive for Nigerians, who are already struggling.
He warned that this could discourage banking transactions and encourage cash hoarding.
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