The Nigerian government on Tuesday announced the suspension of the proposed cybersecurity levy following widespread public outcry.
The Central Bank of Nigeria (CBN) had earlier issued a circular to various financial institutions, including commercial, merchant, non-interest, and payment service banks, announcing the 0.5% cybersecurity levy.
The Minister of Information and National Orientation, Mohammed Idris, made the announcement while briefing State House Correspondents after the Federal Executive Council (FEC) meeting in Abuja on Tuesday.
