By Adedapo Adesanya 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, a 0.5 per cent cybersecurity levy would come into effect from May 20. The fee’s introduction has sparked widespread criticism among Nigerians and civil society organisations, including NLC and the Socio-Economic Rights and Accountability Project (SERAP). Rejecting the policy, the NLC President, Mr Joe Ajaero, said such deductions directly affect the disposable
NLC, SERAP Reject Nigeria’s Cybersecurity Levy
