Nigeria Labour Congress Rejects CBN's Cybersecurity Levy, Calls for Immediate Withdrawal

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In a recent statement, the Nigeria Labour Congress (NLC) has vehemently opposed the newly-introduced cybersecurity levy by the Central Bank of Nigeria (CBN), demanding its immediate withdrawal. 

According to NLC President Joe Ajaero, the levy imposes additional financial burdens on Nigerians amidst already severe economic challenges. 

The directive, requiring a 0.005 percent levy on electronic transfers, has sparked outrage among the populace.

 NLC warns that the levy, intended to enhance cybersecurity measures, could worsen the financial strain faced by citizens.

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