‘Let The Poor Breathe’ – Seyi Law Shows Concern Over Cybersecurity Levy 

‘Let The Poor Breathe’ – Seyi Law Shows Concern Over Cybersecurity Levy 

Nigerian comedian Seyi Law, real name Oluwaseyitan Aletile, has expressed strong disapproval of the recent implementation of a 0.5 per cent cybersecurity levy by the Central Bank of Nigeria (CBN).

This decision by the apex bank to direct banks in the country to enforce a cybersecurity levy on transactions has sparked outrage from Seyi Law, who deemed the CBN policy as unacceptable.

In his reaction, Seyi Law called for a reconsideration of the newly introduced policy by the CBN. He took to task the central bank and urged a review of their directive.

He further urged President Bola Tinubu to intervene and ensure that the burden on the masses is alleviated, questioning when the new minimum wage would be announced and put into effect.

The comedian highlighted the perceived inefficiency of certain ministers within the administration, emphasizing that after one year, there appears to be a lack of significant progress or development.

On his X handle, Seyi Law 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.”