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The Nigeria Labour Congress (NLC) is calling for the withdrawal of the recently imposed cybersecurity levy by the Central Bank of Nigeria (CBN).
Joe Ajaero, the President of NLC, conveyed through an official statement, described the levy as inhumane, acknowledging the prevailing economic hardships experienced by Nigerians.
The statement read, “The Nigeria Labour Congress, NLC, vehemently condemns the recent directive by the Central Bank of Nigeria, CBN, to levy a 0.005% ‘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 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.”
