The Nigeria Labour Congress (NLC) has voiced its opposition to the Central Bank of Nigeria’s (CBN) recent implementation of a cybersecurity levy.
The NLC argues that this levy will impose additional financial strain on Nigerians unless it is revoked.
Joe Ajaero, the President of the NLC, has issued a statement calling for the prompt retraction of this policy, which he describes as detrimental to the welfare of the people.
The NLC stands firm in its stance against what it perceives as an “anti-people” policy.
“The Nigeria Labour Congress, vehemently condemns the recent directive by the Central Bank of Nigeria, CBN, to levy a 0.5 per cent ‘Cybersecurity Levy’ on electronic transfers.
“This levy, to be implemented by deduction at the transaction origination, is yet another burden on the shoulders of hardworking Nigerians.
“In the circular issued by the CBN, the directive mandates banks and payment service operators to affect these deductions, effective next two weeks. This move, ostensibly aimed at bolstering cybersecurity measures, threatens to exacerbate the financial strain already faced by the populace,” the statement partly read.
