Cybersecurity Levy in best interest of national security, says group

A group, the Coalition of Civil Society Groups for Transparency and Accountability, has said the recently introduced Cyber security levy is in the best interest of all Nigerians.

Convener of the group, Comrade Igwe Ude-Umanta, at a briefing in Abuja on Saturday, distanced the office of the National Security Adviser as the collector of the levy. The CSO, said: “Let us expressly admit that many Nigerians are stressed and stretched and are therefore justified when they express displeasure and resistance to any form of levy or tax. Taxes and levies are not usually convenient for citizens, and this is a fact.

“The problem with this levy appears to be more about the misinformation, misconceptions, distortions and even outright blackmail, mischief and politicization of the issue. For instance, many Nigerians have been misinformed that all their electronic transfers will be levied, contrary to the exceptions that are listed in the CBN’s Circular. TUC rejects plans to impose 0.

“Global economy is expected to lose $10.5 trillion per day by 2025 through Internet fraud known as Yahoo Yahoo. According to Federal Bureau of Investigation , Nigeria is ranked 16 in Cybercrime victims, and internet fraud cost the country more than 0.8% of its Gross Domestic Product each year. This should bother us greatly, and we must be prepared to offer any sacrifice necessary to address this ever-growing problem and threat.

Source: Loan Digest (loandigest.net)

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