In response to the CBN's cybersecurity levy, the Nigerian Labour Congress (NLC) vehemently opposes the directive, citing increased financial strain on citizens. NLC President Joe Ajaero calls for policy reversal, urging sustainable cybersecurity measures. The levy is criticized as another burden on hardworking Nigerians, sparking calls for government reconsideration.
In a statement released to newsmen in Abuja on Tuesday, Ajaero expressed the NLC's strong opposition to the levy, emphasizing the detrimental impact it would have on the already strained finances of the populace. The CBN's move, ostensibly aimed at bolstering cybersecurity measures, was criticized by Ajaero for potentially exacerbating the financial strain faced by ordinary citizens.
Ajaero highlighted the unjustifiability of imposing such a levy on electronic transactions without due consideration for its implications on workers and vulnerable segments of society. He described the levy as "another tax too much for Nigerians," characterizing it as yet another instance of the ruling elite's exploitation of the masses.
Despite the CBN's exemption of interbank transfers and loan transactions from the levy, Ajaero underscored the broader impact on everyday transactions, which directly affects the disposable income of workers and diminishes the purchasing power of the common citizen.
Moreover, Ajaero pointed out the adverse effects of such levies on domestic manufacturers and businesses, noting the already stifling socioeconomic environment that has led to closures. He criticized the government's failure to create a business-friendly environment that encourages investment, instead opting for policies that further burden the populace.
In light of these concerns, Ajaero called on the Federal Government to reconsider the directives and prioritize policies aimed at alleviating the financial burdens of Nigerians. He advocated for a collaborative approach between the government, regulatory bodies, and stakeholders to develop sustainable cybersecurity measures that do not unduly burden the populace.
Ajaero concluded by reaffirming the NLC's commitment to championing the rights and welfare of Nigerian workers and the masses, signaling a readiness to engage in further advocacy to address the issues at hand.
