Bwala Defends Cybersecurity Levy

Daniel Bwala, the former spokesman for the defunct Atiku-Okowa Presidential Campaign Council, has stated that Nigerians need to adjust to the current economic realities in the country.

Naija News reports that Bwala stated this on Wednesday while fielding questions on Channels Television programme regarding the new cybersecurity levy directive issued by the Central Bank of Nigeria (CBN) and other policies of the current administration of Bola Tinubu.

Recall that CBN had issued a new directive to all financial institutions, including commercial, merchant, non-interest banks, payment service banks, and mobile money operators, mandating the implementation of a 0.5% cybersecurity levy on all electronic transactions.

Bwala claims that President Bola Tinubu’s administration is making necessary hard decisions, and he is not insensitive to the plight of Nigerians.

According to him, there must be a period of inconvenience, adding that Nigerians are required to adjust because they will not remain in a hardship situation forever,

He said: “It depends on who is assessing, what is the motive behind the assessment. Just like we would have water in the bottle, someone says it is half full another says it half empty. But what we should be generally looking at are the numbers. Also looking at the context and perspective from which we look at things.

“Nobody, I think, is in doubt about the fact that when the President took that hard decision, which is a necessary decision, it is not a convenient decision, that there must be a temporary hardship; there must be a period like period of childbirth; there must be a period of inconveniences; there must be a period of personal sacrifices.

“When you are confronted with a period like that, what is required of you is adjustment, because they say trouble doesn’t always last. You will not be in that situation forever. But you will need to adjust. This is the basis of life.”

“I don’t think the President is denying the fact that this is a period in the lives of Nigerian people where things are hard. He has said it over and over again.”

Source: Naija News