The Cybersecurity Levy is For Your Own Good

This Cybersecurity Levy is not a policy or regulation of the Tinubu administration. Those bandying that claim are either ignorant or dishonest. This is a policy that has existed since 2015. Like many things in the Buhari administration, it was implemented in breach, which is why Cyber Security suffered under that unfortunate administration.

The reason why Binance was able to siphon $25 billion, which represents 6% of our GDP, out of Nigeria in just one year is because our cybersecurity architecture is porous. And as long as it is vulnerable, the Naira cannot be stable. And if the Naira is not stable, your purchasing power as a Nigerian will reduce DRASTICALLY.

Therefore, it is more profitable for you to pay a 0.5% cybersecurity levy and secure the Naira from all threats, foreign and domestic, than for you to resist the policy, and the Naira goes into free fall.

Not all monetary transactions are affected.

Social welfare schemes, such as the grant to nano entrepreneurs and any other social intervention program, are exempt, as are charitable donations, and tuition payments.

Salaries, loans and their repayments, transfers between customers, and intra-bank transfers from one of your accounts to another account you have in a different bank are also exempt.

If the office of the National Security Adviser does not have a solid and dedicated team working to protect Nigeria's military, industrial, financial, communications, educational and governmental online space from threats, the cost to you, personally, would be more than the 0.5% levy on your transactions, and I will give you an example.

If Binance had not been found out, and they had continued to funnel $25 billion out of Nigeria, that singular action would have meant that our Gross Domestic Product (the sum of all the wealth in Nigeria) would have dropped further by 6.5%.

Now, If Nigeria's GDP tanks by 6.5% at a go, global ratings agencies like Fitch, Moody's, Standard and Poor, and others that have recently upgraded our economy to a B Positive, would downgrade us. Once we get downgraded, international investors will not want to invest their money in Nigeria, and the demand for made-in-Nigital goods and services will fall, meaning that the exchange rate will go down.

Remember MMM? The reason the Mavrodian Mondial Moneybox were able to dupe hundreds of thousands of Nigerians of close to half a billion dollars is because of our weak cybersecurity system.

And these international carpetbaggers can smell such weakness the way sharks smell blood. When you are bleeding, a predator does not feel sympathy towards you. They see your rupture as an opportunity.

That is why after MMM duped Nigerians, other Ponzi schemes flooded Nigeria and amassed more daily regular traffic than the best read newspapers in Nigeria, including Ultimate Cycler, Zarfund, Givers Forum, Crowd Rising, iCharity, to mention a few. They all came, they saw, and they duped Nigerians.

When the cat's away, the mice will play. Without adequate cybersecurity in Nigeria, opportunists, like Binance and MMM, would continue to fleece Nigeria and Nigeria off billions and put negative pressure on our Naira, which will reduce your purchasing power as a citizen.

There are arguments this levy would reduce financial inclusion. But in all honesty, people are more likely to bank their money if they know that Nigeruw's cyberspace is safe from cybercriminals and the Dark Web than if they feel that our regulatory regimes are weak.

Obviously, politicians like Peter Obi, whom the International Consortium of Investigative Journalists fingered for money laundering in their Pandora Papers, would be against such a laudable policy. But that is expected. The fly would always support the dustbin and its ability to cause the decay of life, over the refrigerator.

Reno Omokri
 
Gospeller. Deep Thinker. #BuhariTormentor. #TableShaker. Ruffler of the Feathers of Obidents. #1 bestselling author

https://twitter.com/renoomokri/status/1787841874872406339?t=NjZeoC5LK-lPGIvfhHVdWg&s=19

NLCreator:


https://twitter.com/renoomokri/status/1787841874872406339?t=NjZeoC5LK-lPGIvfhHVdWg&s=19

Stop this bullocks that binance took 25 billion dollars out of Nigeria. Where did binance get the forex of 25 billion from when Nigeria was struggling to meet its forex demand. Mind you binance is the not the only one involved in crypto. Also we still have importers, nnpc, other Nigerians demanding for dollars yet only binance had access to 25 billion dollars

He signed off his latest superfluity of nothingness with #Deep Thinker ……. kikikiki …… someone that is not as deep as a teaspoon of water!

Reno and foolishness is like 5 and 6. He said that naira can only stabilize when .5% is deducted from every individuals account leaving out the fact that an item that you will ordinarily pay N500k for will cost N250 extra if you are to pay by bank tranfer

How the mighty has fallen

Tinubu will never give this mugu, Reno Omokirikiri any appointments because he knows him very well

Tallesty1:
How the mighty has fallen

As in ehn . . . he fell, hit the ground, broke the ground and kept on falling deep into hell

Pastor Reno, the tormentor of Bitter Obi.

Reno Omonkey has always been a fool.
See the babablu the idiot dey explain.

Cybersecurity is strong in USA but Binance broke the laws in USA that encourage billions of dollars to be laundered.

This topic just exposed how dumb and foolish Reno Omonkey is. And he is cashing out from the gullibility of BATerians who believe binance is responsible for crash of naira.

Cybersecurity can never stop people from investing in ponzi schemes like MMM.
The mumu is talking as if binance stole dollars from CBN. People went with their own money to trade on binance.

This guy must take his followers to be monkeys to offer them this empty explanation.

This is free Education, Reno gave good points and the fact is that 16 electronic transactions are exempted. The uproar is clearly unneccessary.

Worthless bitter obidaft zombies go start abusing their master, reno now

N a God go punish this old fool ... people like Reno stand for nothing, just because his current helper the NSA is involved he is now supporting nonsense

If stupid was a person, Reno is the one.

He speaks without fact. How low can Reno go further before they remember to give him appointment?

No justification of the cyber security. From my understanding It will raise inflation instead.

The cbn have not come out openly to tell Nigerians what the cyber security is all about? Is this some form of insurance? If they lost their money to fraud by transfer will the cyber security thing pay cover them by pay back their money? What is this cyber security thing and why is Nigeria paying it? Is it to stabilize the naira to dollar? Why is reno talking about stabilizing the naira? Is reno now the spokesperson of the government?

What if after paying and people still fall Victim to frauds or the naira didn’t stabilize? Who will Nigerians hold responsible? The problem we are facing in this country is lack of accountability. Government issues out anyhow policy, try and error. Because there are to accountability they really don’t care. No one is holding anyone responsible, no one is paying for it. You can’t just make policies that destroyed a country economy and still remain there in a proper democracy in it free and true functions.

jmoore:
Reno Omonkey has always been a fool.
See the babablu the idiot dey explain.

Cybersecurity is strong in USA but Binance broke the laws in USA that encourage billions of dollars to be laundered.

This topic just exposed how dumb and foolish Reno Omonkey is. And he is cashing out from the gullibility of BATerians who believe binance is responsible for crash of naira.

Cybersecurity can never stop people from investing in ponzi schemes like MMM.
The mumu is talking as if binance stole dollars from CBN. People went with their own money to trade on binance.

🤣🤣

PressMyButton:
Pastor Reno, the tormentor of Bitter Obi.

Typical of a BATerian

Defending what he doesn't even understand

yarimo:
🤣🤣

Why lafing at the tweet? Are you sure you understand what PO said there?

schekubeh:

Why lafing at the tweet? Are you sure you understand what PO said there?

Since you understand it no problem oo 🤣🤣🤣🤣🤣🤣

yarimo:
🤣🤣

Illiteracy is a death sentence.

I'm quite sure you don't even understand anything from that tweet.

Jax1:



Illiteracy is a death sentence.

I'm quite sure you don't even understand anything from that tweet.

the must important thing is you understand it isn't it ? 🤣🤣🤣🤣🤣🤣🤣

NLCreator:


https://twitter.com/renoomokri/status/1787841874872406339?t=NjZeoC5LK-lPGIvfhHVdWg&s=19

This really exposes how ignorant this political jobber is.
It is obvious that he does not even understand what cybersecurity means.

yarimo:
.

Epitome of ignorance!
Posting without comprehension.

I do not support Cybersecurity levy at this time. Reduce price level, then introduce levy.

A good one from Reno

Nonsoco80:
Tinubu will never give this mugu, Reno Omokirikiri any appointments because he knows him very well

tinubu son is bank rolling him


#fact

jmoore:


Epitome of ignorance!
Posting without comprehension.

Hehehe shey you comprehend 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Pastor Reno, the tormentor of Bitter politician .

Reno okoro obviously has a block of dried cow shît for a brain. Who does he think he's deceiving with this nonsense biko ?

Reno is hustling hard, I really feel for him. He turned himself to a clown to be forgiven by BATerias but Bwala, his.co clown gets easily favoured to meet Tinubu while Reno gets ignored always, this is not fair.

Ignored by Obi, ignored by Tinubu, this is too much for one man to bear.

NLCreator:


https://twitter.com/renoomokri/status/1787841874872406339?t=NjZeoC5LK-lPGIvfhHVdWg&s=19

I tink this guy is a natural fool.i hav accounts on Ukn pay no single charge transfer or other transactions.that is why d people there do alot of online transactions...even bus ticket of £3 na NFC most Britain's use.u hardly see cash.Reno is a fool to tink people woll gladly wanna loose 0.5 of their money anytime deu wanna transfer.so for me to transfer 25m i will pay 125k to bank for tax?i jst dey pity d poor becos arm robbery go increase...no rich or poor man is willing to ne loosing 125k per transaction of 25m