ayoolataiwo:
Taxes here and there,,without putting the common man into reasonable considerations.What about the low income earners causing more hardship to already tense economic situation

after collecting the tax they will still steal it for themselves.

99thEnemy:


Source: https://nairametrics.com/2024/05/07/here-are-16-transaction-types-exempted-from-cbns-cybersecurity-levy/

What I don't understand is NSA collecting the tax. Don't the NSA get budget yearly? What's the rationale behind this levy?

What mechanism will they use to know the salaries of individuals in private sectors in banks?

99thEnemy:

You rather missed my point entirely.

read my comment again, this time slowly.

My comment is in support of your post.

It is directed to those who may have missed the point you made

All the 16 exempts are scam.It is not the money that enters your account that is taxed, it is the money that leaves your account to other account that is taxed. Imagine a business with multiple vendors in different banks paying 0.50% on every payment to his suppliers/vendors probably from money he borrowed from his bank.
Now he will be paying interest on his loan to his bank and this cybersecurity tax? You will be surprised how this cybersecurity tax can cripple businesses.

When a man that fears God is in power, the people rejoice, simple!

99thEnemy:
Its to just do transactions with people with same bank as you.

Open accounts with different common banks, transfer from one account of yours to another based on the third party’s bank, then transfer.

3 & 4 does this.
No time for cybersecurity levy.

. Sense wee not kee you. I have been thinking the same thing since yesterday.
Account with different banks is the answer

When it comes down to what will put money in government's pocket, it is quickly implemented without thinking about it twice. But when it comes down to what will enrich the masses, it will take thy kingdom come to implement. Can't say i am suprised about the many agbado policies that has been implemented so far and the many more yet to come.

LandMann:


My comment is in support of your post.

It is directed to those who may have missed the point you made

oh! it sounded vague

Bananapill:


What I don't understand is NSA collecting the tax. Don't the NSA get budget yearly? What's the rationale behind this levy?

Dey do.

Na to chop money bros.


Again as said in the article, NSA isn’t audited.

MemphitzDgreat1:
A write up from David Hundeyin....

"I left the UK and returned to Nigeria to start my career in March 2013. Most of the Nigerian international students I went to uni with had already returned since 2012.

Nearly all of us who came back started planning to escape from Nigeria in 2016. There was only one thing that changed in Nigeria between 2013 and 2016. We know what or who it was.

But yeah, "GEJ was a terrible president." If you keep repeating it to yourself 9 years later, despite being mocked by all the data in existence, that will somehow make it true 👍🏿

Me, I don't care who has any investment in maintaining this gigantic untruth because none of you feeds me, and I will speak freely - "GEJ must go" was a foreign intelligence operation run out of Washington DC by the US State Department, whose doctrine interpreted Nigeria's economic growth and growing partnership with China as a strategic threat to American economic and military interests on the continent.

The Obama administration repeatedly interfered very directly and blatantly in that election cycle. Barack Obama recorded and posted a video urging Nigerians to "vote for the next chapter." Michelle Obama involved herself in #BringBackOurGirls, which was itself merely the 'Big Idea' within the larger marketing campaign that was "Jonathan must go." John Kerry travelled to Nigeria and met with the opposition.

The local players on the ground who took part in the marketing and political campaign to oust Goodluck Jonathan and replace him with the Illiterate were merely useful idiots - yes, that includes you reading this with your guilty conscience. If the shoe fits, I am definitely referring to you. You were nothing but a pawn in a geopolitical tussle between 2 of the Countries That Actually Matter.

Because you lack wisdom, insight and especially humility, you really thought you were doing something historic by removing an incumbent president - a trick you have not been able to repeat ever since, because the US State Department - which actually runs Nigeria - had no problem with 8 years of The Illiterate, and definitely has no problem with another 8 years of the Drug Dealer whom it actively protects.

You idiots thought that you were empowered, politically awakened people, when you were just chess pieces on a board being pushed around by forces you were too stupid and egotistical to recognise. Now your GDP has effectively HALVED in just 9 years, and a whole generation of high-quality human capital has been lost to the US and its allies.

And they didn't bring back your girls!

Stupid bleeps. # DAVID HUNDEYIN

For the Archive

Fuckyoumod:
Nigerians are docile people, they a fuuuulis people, they complain a lot but take no action.

Next election, you will all come out of your homes vote and defend your votes, you will not let one criminal grab and run away with your votes.

Nonsense, until you people start having sense in this country. Everybody should shuuuut upp and pay the Cyberspace nonsense levy.

Otherwise, how on earth should Nigerians end up with such a wicked and heartless man as President?

Elections have consequences, stop sitting and observing elections from your homes.

Put your election pain comot for road, let people do proper analysis of the policy

tradepunter:


Stupid psychotic assertion..... No evidence, made up crap from your empty head....

You need OBI Bitters to cleanse your body system that is filled with stupidity and foolishness.

99thEnemy:
Its to just do transactions with people with same bank as you.

Open accounts with different common banks, transfer from one account of yours to another based on the third party’s bank, then transfer.

3 & 4 does this.
No time for cybersecurity levy.

you go still pay those Stamp duty, electronic monkey transfer levy etc although it won't amount to what you would have paid as cyber security levy. These things are making business harder.

It's just the beginning

Don't worry it cannot work mark my words

WeddingParol:
This tax is ill-timed, most Nigerians can bearly feed with the little money they have and here you are putting another yoke on their burdens.

The government should try to be sensitive to the sufferings of its people.

SO NIGERIA NOW HAS A PROPER CBN GOVERNMENT THAT UPDATES AND ENLIGHTEN THE CITIZENS realtime WITH ACCURATE INFORMAYOON B4 OUR COMMERCIAL BANKS START EXTORTING AND FLEECING THEIR CUSTOMERS.
KUDOS GOVR CARDOSO.

ivandragon:
Lol.

As bad as people thought GEJ was, his administration still witnessed the greatest time for the purchasing power of the common man.

OBJ was in a class of his own. Breaking grounds without breaking backs.

Yaradua was a stabiliser, humane and commonsensical leader. No airs, no fuss, no muss. Just quietly going about his job the best way he could.

All these before some selfish individuals decided to destroy everything.

I don't understand why the likes of you are so fixated and insistent on GEJ era as if we are not life then tew,
whatever the purchasing power was during GEJ era it wasnt better than what yaradua & obj left, so where is all the eldorado delusion coming from
If GEJ era was so sweet and beautiful as your likes paint it all the time, why is GEJ not re-running.
Apc lied against him, the truth is out ... why is GEJ not re-running

masterfactor:
The day we adopt the communist ways of government that is the day that this country will start developing rapidly

Did I read this correctly?? Communist you say! Damn people just be throwing words without knowing what it truly means

bobbiiee:
Open savings account in every bank.

Savings accounts are exempted

HeadNigga:
you go still pay those Stamp duty, electronic monkey transfer levy etc although it won't amount to what you would have paid as cyber security levy. These things are making business harder.

Only for little transactions. it makes a big difference for large amounts.


you can’t compare a fixed stamp duty to 0.5% on amounts more than 10,000

10,000 = 50 naira
100,000 = 500 naira
1,000,000 = 5000 and so on.


well, at the end, people will look at that as negligible and overlook.

after all people pay more charges when using POS

200 naira per 10,000.

All this is trash. The target is you send money to family and friends, you will pay once it is interbank. Nigeria must resist it. The law must be scrapped. Nonsense.

99thEnemy:

Dey do.

Na to chop money bros.


Again as said in the article, NSA isn’t audited.

Naija gone to the dogs. Imagine NSA no dey auditable. Make we japa jare.

wayside:


Put your election pain comot for road, let people do proper analysis of the policy

You are irredeemably stuufiiid.

Thoughty2:


How? Please explain.

See the way Chinese government operates.
The worry of Nigerians is not paying these taxes, but it's shown severally that these taxes aren't ever used. One person will have guts to embezzle billions of naira and get a slap on the wrist in court.
You can't do that in China. They'll send you to Jesus.
If political positions are made less glamorous and accountability is held high with serious capital punishment for corruption, all those politicians "fighting" for you will never contest.
If politicians can send assassins to end opposition during campaigns, you think you'll be in their interests when they enter office?
Dey play my fans

Ther was a country

Fuckyoumod:
Nigerians are docile people, they a fuuuulis people, they complain a lot but take no action.

Next election, you will all come out of your homes vote and defend your votes, you will not let one criminal grab and run away with your votes.

Nonsense, until you people start having sense in this country. Everybody should shuuuut upp and pay the Cyberspace nonsense levy.

Otherwise, how on earth should Nigerians end up with such a wicked and heartless man as President?

Elections have consequences, stop sitting and observing elections from your homes.

Did you vote in the last election, and for who?

Let's start from there before you claim being righteous, and therefore impose your views on us.

No wonder they asked Opay and others to stop taking new customers.....

Any tax that's not from profits/pay is illegal

Maybe they should remove the term TAX from the word

All of you thinking you can escape this levy by running multiple accounts are just funny.

You seem to have forgotten the 5 other charges that come with running such savings accounts

You really think the purveyors of this policy didn't envisage Nigerians thinking they're smart.

Keep putting the cart before the horse.

Oju gbogbo yin a to da.

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