The Nigeria Labour Congress has rejected the directive by the Central Bank of Nigeria for all financial institutions to implement a 0.5 percent cybersecurity levy on all electronic transactions.
In a statement on Tuesday, Joe Ajaero, NLC president, said the congress condemned the directive, describing it as “another burden on the shoulders of hardworking Nigerians”. “This levy stands as another tax that is too much for Nigerians, burdening them with additional financial responsibilities. He lamented that domestic manufacturers and other businesses were already shuttering as a result of the stifling socio-economic environment.
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