Man Breaks down What 0.5% Cybersecurity New Directive Means for Nigerians

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Man Breaks down What 0.5% Cybersecurity New Directive Means for Nigerians

Lamenting on X, @OurFavOnlineDoc described it as mass financial stifling. He went on to break down what it meant for Nigerians.

“What the new levy means is if you do 1million naira transfer, the bank will charge you an extra 5,000 naira to be sent to the NSA office for “cybersecurity”. “And if you send 2million, bank will charge you extra 10,000 naira. “It’s crazy at this point. “This is mass financial strangu.lation.”

See his tweet below:

See reactions below:

@toyone_couture said: “Did you know if you send 1 million naira to smeone,the bank will now charge you 5k and if you send 2 million Naira, they will charge you 10k for cybersecurity? “At this point naija government will frustrate peoples life.”

@otakerioghenero said: “This money is too much, they can’t create job, they can’t sustain people’s business with 24 light and security and you are taxing them heavily this is wickedness.”

@QUEENOFDBLUES1 said: “That is to say, if I transfer 1 million naira two times in a week, I’ll be charged #10,000 for cyber security levy. “This Lucifer Govt has offered me nothing, all it has been doing is to take and take from my sweat.”Na Ogun go keeeeee APC and its supporters. “Aiye gbogbo yin ma baje ni se.”

@DiohaRachael said: “Queue go dey for bank tomorrow ooo cos I dey withdraw all my money.”

@Capolutiti said: “We accept, move on and adjust as usual.” @theotherayo said: “This is ROBBERY! Not stran.gulation, they should leave the cyber insecure please, I repeat this is Daylight robbery!”