The Nigeria Labour Congress (NLC) has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions has been described 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 income of workers and further diminish the purchasing power of the common citizens.
He said the directive by the apex bank is another gang up by the ruling elite to continue its extortion and exploitation of helpless workers and the masses.
"The Nigeria Labour Congress recognises the importance of cybersecurity in today's digital age. However, imposing such a levy on electronic transactions without consideration for its implications on workers and vulnerable segments of society is unjustifiable.
"This levy stands as another tax that is too much for Nigerians, burdening them with additional financial responsibilities. We see this levy as another gang-up by the ruling elite to continue its extortion and exploitation of hapless and helpless workers and the masses."
Also, SERAP urged President Bola Tinubu to use his "good offices to immediately direct the Central Bank of Nigeria (CBN) to withdraw the cybersecurity levy on Nigerians as it patently violates the provisions of the Nigerian Constitution 1999 [as amended] and the country's international human rights obligations and commitments."
It asked Mr Tinubu "to stop Mr Nuhu Ribadu and the office of the National Security Adviser (NSA) from implementing section 44 and other repressive provisions of the Cybercrimes Act 2024 as it flagrantly violates the provisions of the Nigerian Constitution and the African Charter on Human and Peoples' Rights and International Covenant on Civil and Political Rights to which Nigeria is a state party."
The organisation appealed to the President "to direct the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN) to immediately prepare and present a bill to amend section 44 and other repressive provisions of the Cybercrimes Act 2024 to the National Assembly so that those provisions can be brought in line with the Nigerian Constitution and the country's international human rights obligations."
In the statement signed by SERAP deputy director, Mr Kolawole Oluwadare, the group said: "The Tinubu administration must within 48 hours withdraw the patently arbitrary and unlawful CBN directive purportedly imposing cybersecurity levy on Nigerians.
"Section 44(8) criminalizing the non-payment of the cybersecurity levy by Nigerians is grossly unlawful and constitutional," noting that it was already preparing the necessary court papers should the administration fail or neglect to act as recommended.
"The administration must urgently take concrete and effective measures to ensure the repeal of section 44 and other repressive provisions of the Cybercrimes Act 2024."
"If the unlawful CBN directive is not withdrawn and appropriate steps are not taken to amend the repressive provisions of the Cybercrimes Act within 48 hours, SERAP shall consider appropriate legal actions to compel the Tinubu administration to comply with our request in the public interest."
