Media personality and comedian Seyi Law recently addressed the Nigerian government’s cyber security levy, expressing his disapproval of the increase imposed by President Tinubu.
According to Seyi Law, this action is in accordance with the amended Cybercrime Act of 2024, which mandates a specific deduction from accounts for cyber security purposes.
The directive outlined that moving forward, a fixed amount will be deducted from each customer’s account as a cyber security levy, equating to 0.05% of the money being transmitted.
Seyi Law criticized the government for its lack of understanding of the people’s needs and deemed the levy unacceptable.
Questioning when the new minimum wage will be introduced, Seyi Law urged President Tinubu to consider the welfare of the less privileged and emphasized the lack of significant progress during the president’s first year in office.
He wrote:
“I hate when government agencies don’t speak up to the understanding of the citizens and allow wrong narratives to fester before tackling it. Cybersecurity level, according to the act, is 0.005%, and different figures from 0.5% to 3% are being thrown around.
A 0.5% charge in the Nigeria of today is in itself too much punishment on Nigerians. Are we trying to discourage banking transactions again and encourage cash keeping? @cenbank should revisit this abeg.
Stamp duty is something, and now this. It is unacceptable.
@NGRPresident @officialABAT, let the poor breathe. When will the new minimum wage be announced and implemented? Some of your ministers need to look for another job. One year is here and we are counting.”
