NANS Urges CBN To Collaborate With Public For Enhanced Cybersecurity Awareness

NANS Urges CBN To Collaborate With Public For Enhanced Cybersecurity Awareness

In the wake of the contentious debate surrounding the proposed cybersecurity levy, the National Association of Nigerian Students (NANS) has urged the Central Bank of Nigeria (CBN) to embark on a campaign to enhance public understanding of the policy.

The directive by the CBN, outlined in a circular, stipulates a 0.5 percent charge on certain transactions, sparking diverse opinions among citizens, some of whom advocate for its suspension amidst the nation’s economic challenges.

However, NANS, represented by its President, Comrade Lucky Emonefe, expressed support for the CBN’s initiative, emphasizing its potential to address cybersecurity threats prevalent in Nigeria’s digital landscape. Emonefe stressed the importance of the CBN engaging stakeholders and the public to elucidate the objectives behind the policy.

Highlighting recent incidents, such as the exploitation of cryptocurrency platforms for illicit financial activities, Emonefe underscored the vulnerabilities in the country’s cyber domain, posing risks to economic integrity and public trust in digital transactions.

In a statement issued on Friday, NANS urged the CBN to foster dialogue with the public and stakeholders to clarify the genuine intentions behind the cybersecurity levy. Emonefe emphasized the necessity of dispelling misconceptions, particularly regarding assertions that the levy is primarily a revenue generation mechanism for the Office of the National Security Adviser (ONSA).

For more information join our WhatsApp group by clicking the link here: WhatsApp Group Invite