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KPMG Slams Cybersecurity Levy: Unjustifiable, Ill-timed
KPMG Slams Cybersecurity Levy: Unjustifiable, Ill-timed
In a recent critique, global audit and tax firm KPMG has vehemently opposed the federal government’s decision to impose a 0.5 percent cybersecurity levy, labeling it both unjustifiable and ill-timed, particularly in light of prevailing economic challenges. The commentary, authored by Olugbenga Ige, underscores KPMG’s stance that such levies do not pave the way for sustainable economic growth, echoing sentiments against excessive taxation.....KINDLY READ THE FULL STORY HERE▶
The levy, which extends beyond financial institutions to encompass GSM service providers, telecommunication companies, internet service providers, insurance firms, and the Nigerian Stock Exchange, has stirred widespread apprehension regarding its potential repercussions. KPMG cautions against the unintended consequences of this policy shift and urges regulators to carefully consider the ramifications before proceeding with implementation.
Highlighting Nigeria’s formidable revenue constraints, KPMG acknowledges the government’s imperative to mobilize funds. However, it emphasizes the inefficacy of higher taxes as a panacea for economic woes, stressing that no nation can “tax itself to prosperity.” The firm questions the rationale behind enforcing the levy now, given the country’s economic fragility, further emphasizing the critical role of timing in policy efficacy.
While the cybersecurity levy ostensibly aims to bolster defenses against escalating cyber threats, KPMG challenges the lack of transparency surrounding its cost-benefit analysis. Despite projections suggesting an annual revenue influx of approximately N3 trillion, KPMG contends that the absence of a formal presentation to the public undermines informed decision-making.
In response to mounting public outcry and amidst harsh economic realities, President Bola Tinubu has ordered the suspension of the contentious levy. This move reflects widespread discontent and underscores the imperative for policymakers to heed public sentiment in shaping fiscal policies.
KPMG’s critique serves as a poignant reminder of the delicate balance between revenue generation and socio-economic well-being, urging policymakers to prioritize judicious fiscal measures aligned with broader national interests.
Gospel singer Kehinde Adegbodu has spoken publicly about the sudden death of his twin brother, Taiwo Adegbodu, shedding light on the events leading up to the tragedy.....KINDLY READ THE FULL STORY HERE▶
Reports indicate that Taiwo, a member of the gospel group Adegbodu Twins, passed away in late February. At the time, Kehinde confirmed the heartbreaking news but did not disclose the circumstances surrounding his brother’s death.
About a week later, Kehinde shared more details with visitors who came to their family home in Ibadan to offer condolences.
He revealed that Taiwo had not been suffering from any illness prior to the incident. On the night before his death, both brothers followed their usual routine. After their evening prayers around 9 p.m., they went to separate rooms to rest.
Later that night, Taiwo reportedly went to Kehinde’s room complaining of chest pain. The incident occurred around 10:55 p.m., prompting Kehinde to rush him to the hospital for urgent care.
Tragically, Taiwo’s condition deteriorated rapidly, and he passed away just minutes after arriving at the hospital.
Kehinde recounted: “He came to knock at my door at 10:55 p.m., saying he was having chest pains. I drove him to the hospital immediately, but he died a few minutes later. He was never sick.
“We went to our separate rooms after our usual nightly prayers at 9:00 p.m. on Saturday, February 28.”
The Sokoto State Government has approved the early payment of March salaries for workers ahead of the Eid-el-Fitr celebrations.....KINDLY READ THE FULL STORY HERE▶
Governor Ahmed Aliyu authorized the payments to begin on Friday, March 13, 2026, to ensure workers can meet their needs during the festive period.
The announcement was made in a statement by Abubakar Bawa, Director-General of Media and Publicity at the Government House in Sokoto.
The payment will cover employees in the state civil service, local government councils, staff of the Local Government Education Authority, and pensioners across the state.
The governor also urged civil servants to remain responsible and committed in their duties, emphasizing that punctuality, dedication, honesty, and hard work are essential in supporting the government’s development efforts.
He highlighted that civil servants play a vital role in implementing his administration’s development plans, which form part of the Nine-Point Smart Innovative Agenda aimed at improving living standards and strengthening the state’s economy.
The statement further noted that since taking office, the administration has continued to pay salaries on time, cleared outstanding gratuities left by the previous government, and ensured regular pension payments.
Additionally, the government has restored monthly imprests to ministries, departments, and agencies to support their effective operations.
Aston Villa manager Unai Emery has reached a major milestone at Aston Villa, recording his 100th win in charge and becoming the fastest manager in the club’s history to do so.....KINDLY READ THE FULL STORY HERE▶
According to BBC Sport, the landmark came following Villa’s victory over Lille OSC in the first leg of their UEFA Europa League round-of-16 tie.
Emery achieved 100 wins in just 181 matches, giving him a 55.2% win rate—the highest of any manager in Aston Villa’s history, surpassing the previous record set by former boss Ron Saunders.
Saunders took four seasons to reach the same milestone and is still celebrated for guiding Villa back to the top flight, winning two League Cups, capturing the 1980–81 First Division title, and leading the club to their famous 1982 European Cup triumph.
Among Premier League managers during Emery’s tenure, only Pep Guardiola and Mikel Arteta have recorded more victories, with 137 and 118 wins, respectively.
Fastest Managers to Reach 100 Premier League Wins:
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Pep Guardiola – 134 matches
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José Mourinho – 142 matches
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Jürgen Klopp – 159 matches
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Alex Ferguson – 162 matches
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Mikel Arteta – 169 matches
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Arsène Wenger – 179 matches
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Rafael Benítez – 181 matches
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Claudio Ranieri – 187 matches
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Mauricio Pochettino – 197 matches
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Kenny Dalglish – 197 matches
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