Tinubu asks CBN to suspend controversial cybersecurity levy

President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy.

This is in response to the backlash that trailed the announcement of the levy by the CBN last week.

The suspension of the 0.5% cybersecurity levy was announced by Minister of Information and National Orientation, Mohammed Idris, on Tuesday, May 14, 2024.

The minister said President Tinubu has directed the apex bank to temporarily halt the enforcement of the levy to review the methods for its application.

Details later...