{"id":321898,"date":"2024-05-08T06:56:52","date_gmt":"2024-05-08T05:56:52","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=321898"},"modified":"2024-05-08T06:56:52","modified_gmt":"2024-05-08T05:56:52","slug":"nans-rejects-introduction-of-cybersecurity-levy-deems-it-added-hardship-for-students","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/05\/08\/nans-rejects-introduction-of-cybersecurity-levy-deems-it-added-hardship-for-students\/","title":{"rendered":"NANS Rejects Introduction of Cybersecurity Levy, Deems it Added Hardship for Students"},"content":{"rendered":"<div class=\"react-scroll-to-bottom--css-orykn-1n7m0yu\">\n<div class=\"flex flex-col text-sm pb-9\">\n<div class=\"w-full text-token-text-primary sm:AIPRM__conversation__response\" dir=\"auto\" data-testid=\"conversation-turn-7\" data-scroll-anchor=\"true\">\n<div class=\"py-2 px-3 text-base md:px-4 m-auto md:px-5 lg:px-1 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-3 text-base juice:gap-4 juice:md:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full AIPRM__conversation__response\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto gap-3\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"8b9144a3-7f91-4c46-8262-ebaf9afb1b7e\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<ul>\n<li><strong>National Association of Nigerian Students (NANS) opposes the 0.5% cybersecurity levy, citing it as an additional burden on Nigerians<\/strong><\/li>\n<li><strong>The levy, announced by the CBN, will affect various banks and electronic transactions, prompting NANS to call for its reconsideration<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>The National Association of Nigerian Students (NANS) has voiced dismay over introducing a 0.5% <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/05\/08\/nlc-opposes-introduction-of-cybersecurity-levy\/\">cybersecurity levy on all bank transactions.<\/a><\/p>\n<p>In a circular issued by the Central Bank of Nigeria (CBN) on Monday, the levy&#8217;s implementation was announced to commence two weeks from Monday, May 6, 2024, impacting commercial, merchant, non-interest, and payment service banks, among others.<\/p>\n<p>According to the circular, the levy will be deducted and remitted by financial institutions at the point of electronic transfer origination, with customers seeing the deduction reflected in their account under the label \u2018Cybersecurity Levy\u2019.<\/p>\n<p>In a statement by NANS President Pedro Obi, the union expressed profound concerns regarding the introduction of yet another policy burdening the already struggling populace, especially amid the prevailing economic challenges.<\/p>\n<p>NANS vehemently opposed the CBN&#8217;s directive, denouncing it as an unjust strain on hardworking Nigerians.<\/p>\n<p>&#8220;While purportedly aimed at enhancing cybersecurity frameworks, NANS emphasizes that this levy only adds to the financial pressures faced by individuals and businesses across the nation.<\/p>\n<p>&#8220;We hereby call for alternative measures to finance this instead of further taxing Nigerians. Given the numerous other charges already imposed on electronic transactions, the cashless policy may be defeated.<\/p>\n<p>&#8220;NANS urges the government to reconsider this levy due to its detrimental impact on suffering Nigerian students, businesses, and the general populace, advocating instead for policies that alleviate, rather than exacerbate economic burdens,&#8221; the statement concluded.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>National Association of Nigerian Students (NANS) opposes the 0.5% cybersecurity levy, citing it as an additional burden on Nigerians The levy, announced by the CBN, will affect various banks and electronic transactions, prompting NANS to call for its reconsideration The National Association of Nigerian Students (NANS) has voiced dismay over introducing a 0.5% cybersecurity levy [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":167289,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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