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David Hundeyin, an investigative journalist, recently shared a picture on Twitter where he can be seen posing with Peter Obi, the presidential candidate of the Labour Party in the upcoming 2023 election.
Hundeyin expressed his profound admiration for Obi, acknowledging him as a man he holds in high regard.
In his tweet accompanying the photo, Hundeyin conveyed his sentiments.
Mr. Peter Obi, the former presidential candidate of the Labour Party, LP, has expressed his disapproval of the recently introduced cybersecurity levy.
He criticized President Bola Tinubu’s administration for focusing on exploiting a struggling economy rather than nurturing it back to health and prosperity.
Obi accused the government of implementing policies that not only worsen the financial situation of the citizens but also reduce the country’s economic competitiveness.
He argued that imposing a Cybersecurity Levy on Nigerians would further deplete their already dwindling capital, especially after the effects of the Naira devaluation and high inflation rates.
In a social media post on Wednesday, Obi questioned the transformation of the office of the National Security Adviser, NSA, into a revenue-generating entity.
The former governor of Anambra State emphasized that it is unreasonable to expect the suffering Nigerian population to individually finance all government activities.
He said:
“The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth.“This does not only amount to multiple taxation on banking transactions, which are already subject to various other taxes including stamp duties but negates the Government’s avowed commitment to reduce the number of taxes and streamline the tax system.
“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate.
“It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government. Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive.
“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue collecting centre?
“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?”
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