Wednesday, May 15, 2024

Nigeria Suspends Cybersecurity Levy Amid Cost of Living Crisis

INTRO


Nigeria has suspended a planned levy on electronic transfers to fund cybersecurity.


This followed widespread outcry that the new tax scheme would worsen a cost of living crisis.


The Central Bank of Nigeria had in a circular last week directed all banks and mobile money operators to charge 0.5% of the value of electronic transfers as a cybersecurity levy.


Correspondent Ajeck Mangut reports.


INTRO: "Nigeria's minister...

OUT: SOC

DUR: 51"


Clip: http://www.fsnradionews.com/feeds/1505Nigeriasuspendscybersecuritylevy-AM-generic.mp3