Newspaper Headlines: Tinubu directs CBN to suspend implementation of cybersecurity levy
BY Kunle Daramola
May 12, 2024 7:00 AM
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Following the outcry by Nigerians over the cybersecurity levy and the extra financial burden it would entail, President Bola Tinubu has reportedly directed the Central Bank of Nigeria (CBN) to suspend its implementation.
Nation reports that Nyesom Wike, minister of the federal capital territory (FCT), said Siminalayi Fubara, governor of Rivers, cannot sack lawmakers with a “midnight injunction”. The newspaper reports the federal government as saying that the introduction of compressed natural gas (CNG) buses will lead to a reduction in transportation costs and curb inflation.Guardian reports that the hike in electricity tariff and cost of drugs has deepened the woes in the health sector. The newspaper says Prince Harry played seated volleyball with army veterans in Abuja.Daily Trust details concerns over clumsy record keeping in Nigerian universities. The newspaper also highlights a Kano community where girls do not study beyond secondary school.Punch says President Bola Tinubu has asked the CBN to suspend the implementation of the cybersecurity levy and asked for a review of the policy. The newspaper reports that the federal government is expected to receive a $2.25 billion loan from the World Bank on June 13, 2024.