Reps Oppose Cybersecurity Levy

The House of Representatives has asked the Central Bank of Nigeria to suspend the proposed introduction of cybersecurity levy on electronic transactions.

Adopting a motion by Minority Leader Kingsley Chinda, the House notes that the proposed 0.5 percent levy on electronic transactions is open to multiple interpretations as an additional tax burden on citizens.

National Assembly Correspondent Mitaire Ikpen reports on resolutions at Thursday’s plenary.