Tinubu suspends cybersecurity levy policy implementation

Details have emerged over the weekend on why President Bola Tinubu instructed the Office of National Security Adviser to suspend the implementation of the cybersecurity levy policy.

President Tinubu was reported over the weekend to have instructed the suspension of the implementation of the provision policy. “He didn’t order CBN. That is a wrong slant. It is a not a CBN action, It is an ONSA action, CBN only issued circular to banks as implementing institutions The CBN had on May 6, 2024, issued a circular to concerned financial institutions, informing of the plan to start implementation of the National Cybersecurity Fund , which will be administered by the ONSA.

Meanwhile, reacting to the wind that gathered around the Cybersecurity Levy, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said the Act, which originated from 2015, belongs in the category of old laws that his Committee is working on, assuring that it would be sorted out along the line.

Source: Tech Daily Report (techdailyreport.net)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tinubu assures of more policies for nation’s industrialisationThe Nation Newspaper Tinubu assures of more policies for nation’s industrialisation
Source: TheNationNews - 🏆 6. / 69 Read more »

Court dismisses defamation suit against The Nation Newspaper, AsishanaThe Nation Newspaper Court dismisses defamation suit against The Nation Newspaper, Asishana
Source: TheNationNews - 🏆 6. / 69 Read more »

Tinubu celebrates Justice Odili on 72nd birthday anniversaryThe Nation Newspaper Tinubu celebrates Justice Odili on 72nd birthday anniversary
Source: TheNationNews - 🏆 6. / 69 Read more »

Ndume hails Tinubu for cybersecurity levy suspensionThe Nation Newspaper Ndume hails Tinubu for cybersecurity levy suspension
Source: TheNationNews - 🏆 6. / 69 Read more »

10,000 households benefit from Tinubu’s food palliatives in OyoThe Nation Newspaper 10,000 households benefit from Tinubu's food palliatives in Oyo
Source: TheNationNews - 🏆 6. / 69 Read more »

APC chieftain urges Tinubu to stop ‘illegal’ divestments of SPDC assetsThe Nation Newspaper APC chieftain urges Tinubu to stop ‘illegal’ divestments of SPDC assets
Source: TheNationNews - 🏆 6. / 69 Read more »