The Central Bank of Nigeria on Monday, May 6th, 2024, released a circular on the implementation guidelines for the collection and remittance of the national cybersecurity levy in pursuance to section 44 (2a) of the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024 which so far has sparked mixed reactions by members of the public.
The public sentiment on the Central Banks Circular has been that of disdain, outrage, and spurn. Many have since taken to various social media platforms to vent their frustrations against this administration and its policies, though with a varying conception of the Circular and its implications for the masses.
To resolve any misconception, prudence dictates that we tread carefully by refusing the temptation of diving into baseless conclusions without first appraising all available information.