By Stella Enenche, Abuja
The Nigeria Labour Congress( NLC), has condemned the Central Bank of Nigeria’s(CBN)newly introduced Cybersecurity levy,saying it will be another burden on the masses.
The NLC disclosed this in a statement signed by it’s President, Joe Ajaero on Tuesday.
TheFactDaily recalled that the apex bank had on Monday directed banks operating in the Nigeria to start charging a cybersecurity levy on transactions.
However, the labour union said the policy will worsen the financial strains already faced by hard working Nigerians.
According to the statement, “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.
“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.”
