A motion seeking the suspension of the cybersecurity levy encountered a significant setback within the Nigerian House of Representatives.
The motion, presented by Honourable Manu Soro on Wednesday, aimed to halt the levy, citing concerns over its timing amidst Nigeria’s economic challenges.
Soro emphasized that the imposition of the levy, particularly during the current economic climate, was ill-timed. He argued against the authority of the National Security Adviser to manage the levy’s accruals, labeling it a political office with no such mandate.
In response, Speaker Tajudeen Abbas urged Soro to withdraw the motion to allow the House leadership to deliberate on the matter and devise appropriate strategies.
Meanwhile, the Nigeria Labour Congress (NLC) condemned the introduction of the cybersecurity levy by the Central Bank of Nigeria (CBN), describing it as an additional burden on citizens.
NLC President Joe Ajaero criticized the levy, stating that it directly affects workers’ disposable income and further diminishes the purchasing power of the populace.
Ajaero decried the levy as another form of exploitation by the ruling elite, highlighting its adverse impact on domestic manufacturers and businesses already struggling in Nigeria’s socio-economic environment.
In a statement, Ajaero articulated, “The Nigeria Labour Congress recognises the importance of cybersecurity in today’s digital age.
“However, imposing such a levy on electronic transactions without due 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.”
Ajaero lamented that domestic manufacturers and other businesses were already shuttering as a result of the stifling socio-economic environment.
“We urge a collaborative approach between the government, regulatory bodies, and stakeholders to develop sustainable cybersecurity measures that do not unduly burden the populace.
“We reiterate our commitment to championing the rights and welfare of Nigerian workers and the masses,” the NLC President added.
Similarly, the Trade Union Congress (TUC) warned the federal government to reconsider the cybersecurity levy or face a nationwide economic shutdown.
