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From Charity Nwakaudu, Abuja
President of the Ugwumba Leadership Centre and former Chief of Staff to Imo State Government, Chef Uche Nwosu, has supported president Bola Tinubu for discarding cyber security levy saying Nigeria’s economy too young for the policy.
Chief Nwosu made this known while addressing newsmen yesterday in Abuja.
Nwosu who is also the chieftain of the All Progressives Party said the policy should not be discarded totally but should be implemented for multinational companies.
“I am not in support of the cyber security levy. It is not what one can just wake up and implement looking at the present economic president Bola Tinubu inherited” he stressed.
He called for proper orientation of Nigerians on the importance of the policy before it can be implemented.
“I think it calls for proper orientation of the masses on the importance of the policy before it can be implemented. So, I am in support of the president discarding it”
“The only importance of this policy is that it will increase our revenue. It should be levied on big companies not the small businesses, We are still a growing economy , we have not reached the level of this kind of policy” he added.
“I am not saying it should be discarded totally but the poor should be excluded until we come out of this present economic situation the president inherited”
When asked if Nigeria is being overtaxed presently, he said Nigeria is one of the country’s been under taxed considering what is happening in other countries.
“We are not overtaxed, the president is just trying to increase our revenue.” Nwosu emphasized.
Speaking on the Rivers State crisis, Nwosu who said neither the Minister of FCT or the governor is responsible but appealed with the president to revisit the issue again added that the crisis is affecting the economy of the state which would extend to the country at large.
