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No Justification for 0.5% Cybersecurity Levy—LCCI

LCCI

By Adedapo Adesanya The Lagos Chamber of Commerce and Industry (LCCI) has joined other parties to ask the federal government to rescind the decision to impose a cybersecurity levy on citizens’ bank transactions, saying that the funds from the charge might not be used to enhance the country’s cybersecurity architecture to guarantee cyber-safety for technology users in Nigeria. This was disclosed by the Director General of LCCI, Mrs Chinyere Almona, in a press release, noting that the justification for the levy was unclear, demanding its withdrawal to allow more consultations with critical stakeholders. “The directive that the remittance of this

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