Nigeria's Cashless Policy Faces Backlash with New 0.5% Levy

In a surprising turn of events, Nigeria’s cashless policy faces a backlash as the government introduces a new 0.5% cybersecurity levy on electronic transfers. Critics argue that this move, along with existing fees, will discourage the use of electronic transactions and undermine the government’s efforts to promote a cashless economy. Social media users have expressed their concerns, with some questioning the government’s strategy and others bidding farewell to the cashless policy. As the debate rages on, it remains to be seen how the government will address these concerns and whether the cashless policy will survive this latest hurdle.