NLC rejects cybersecurity levy, says it’s more burden, pressure on workers, businesses

Nigeria Labour Congress, NLC, has rejected the newly introduced cybersecurity levy by the Central Bank of Nigeria, CBN, demanding its immediate withdrawal.

NLC President, Joe Ajaero, in a statement, lamented that the levy is another anti-people policy of the government in the midst of excruciating economic hardship.

The statement said, “The Nigeria Labour Congress, NLC, vehemently condemns the recent directive by the Central Bank of Nigeria, CBN, to levy a 0.005 percent ‘Cybersecurity Levy’ on electronic transfers.

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“This levy, to be implemented by deduction at the transaction origination, is yet another burden on the shoulders of hardworking Nigerians.

“In a 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.”