SOUTH AFRICA SAYS US MISREPRESENTED ITS POLICIES AFTER VISA CURBS. (PHOTO).

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 South Africa says US misrepresented its policies after visa curbs South Africa's foreign ministry said on Wednesday that it ‌had noted with concern U.S. visa restrictions on some people from South Africa announced by U.S. Secretary of State Marco Rubio a day earlier. The foreign ministry added in a statement that ⁠the U.S. announcement aligned with "the mischaracterisation of South Africa's domestic policies by fringe groups". "We maintain that challenges in our bilateral relations with the USA can only be resolved by constructive engagement through state actors on both sides of the diplomatic channel not unilateral acts," the statement said, Reuters reported. Trump has repeatedly criticized ‌South ⁠Africa since the start of his second term for what he falsely claims is the racial persecution of its white minority, citing affirmative action laws aimed at ⁠addressing the inequality that has persisted since apartheid. It was not clear who would be impacted by...
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CYBER SECURITY LEVY: TINUBU GOVT ONLY INTERESTED IN MILKING A DYING ECONOMY- PETER OBI. (PHOTO).

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 Cybersecurity levy: Tinubu govt only interested in milking a dying economy – Peter Obi

Former presidential candidate of the Labour Party, LP, Mr Peter Obi, has slammed President Bola Tinubu’s government for the imposition of the cybersecurity levy on Nigerians.


He said the government was interested in milking a dying economy instead of nurturing it to recovery and growth.


Obi accused the government of coming up with policies that not only impoverish the citizens but also make the country’s economic environment less competitive.


According to him, the imposition of a Cybersecurity Levy on Nigerians will further erode whatever is left of their remaining capital after the impact of the Naira devaluation and high inflation rate.


In a post on his X handle on Wednesday, Obi questioned when the office of the National Security Adviser, NSA, has become a revenue collecting centre.


The former Anambra State governor said it was unthinkable to expect the suffering citizens of Nigeria to separately fund all activities of the government.


He said: “The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth.


“This does not only amount to multiple taxation on banking transactions, which are already subject to various other taxes including stamp duties but negates the Government’s avowed commitment to reduce the number of taxes and streamline the tax system.


“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate.


“It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government. Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive.


“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue collecting centre?


“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?”

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