The Nigeria Labour Congress (NLC), has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions, as another burden on Nigerians.
According to a circular issued to various financial institutions, including commercial, merchant, non-interest, and payment service banks, the apex bank indicated that the levy would come into effect in two weeks from May 6.
Rejecting the policy, the NLC President, Joe Ajaero, said such deductions directly affect the disposable income of workers, and further diminish the purchasing power of the common citizens.
He said the directive is another gang up by the ruling elite, to continue its extortion and exploitation of helpless workers and the masses.