The Nigeria Labour Congress has rejected the proposed 0.005 percent Cybersecurity Levy on electronic transfers. The NLC, in a statement signed by its President, Comrade Joe Ajaero, expressed its disapproval of the levy, labeling it as an exploitative move by the ruling elite to further extort the masses.
The NLC criticised the policy, describing it as an additional financial burden on the already strained pockets of Nigerian workers.
The congress also questioned the government’s intention behind the levy, suggesting it might discourage electronic transactions and push people towards cash dealings, which could be seen as a regression in the digital age.
the Labour union says though it recognises the importance of cybersecurity, the levy remains unjustifiable, especially without considering its impact on workers and vulnerable segments of the society. The levy, as directed by the Central Bank of Nigeria’s is to be deducted at the point of transaction origination.

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