HomeECONOMYTUC Blasts Opposition Lawmakers' Silence on Cybersecurity Levy

TUC Blasts Opposition Lawmakers’ Silence on Cybersecurity Levy

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TUC Blasts Opposition Lawmakers’ Silence on Cybersecurity Levy

 

Afor Kenneth

The Trade Union Congress (TUC) has criticized opposition lawmakers in the National Assembly for their perceived silence on the controversial cybersecurity levy.

On May 6, the Central Bank of Nigeria (CBN) issued a directive for banks and financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers. The CBN stated that the deductions would contribute to the National Cybersecurity Fund, overseen by the Office of the National Security Adviser (ONSA).

Numerous Nigerians and groups have expressed dissatisfaction, citing rising transaction costs due to multiple charges.

READ ALSO: CBN Directs Banks to Implement 0.5% Cybersecurity Levy on Transactions

Speaking on Channels Television’s Politics Today, TUC President Festus Usifo questioned why opposition lawmakers, who represent the people, have not taken a position on the contentious policy. He accused the ruling All Progressives Congress (APC) of exacerbating difficulties for Nigerians.

“Where are the opposition parties in the National Assembly? Where are the PDP, Labour Party, and NNPP members?” the visibly angry Usifo questioned.

“Even if the ruling party today wants to suffocate Nigerians and the opposition, you hear nothing from them. It is really that bad. This kind of attitude where we don’t see bills like this in the newspapers that there is going to be public hearings, and we don’t hear any advertisement on major television channels that there is going to be a public hearing. What are they doing with the budget of the National Assembly?”

According to him, organized labor was not adequately involved by lawmakers in the passage of the Cybercrime (Prohibition, Prevention, etc) (Amendment) Act 2024.

Earlier, the TUC had threatened a significant protest aimed at shutting down the Nigerian economy if the Federal Government did not rescind the controversial cybersecurity levy.

The TUC stated that it is nonsensical for such a levy to be introduced at a time when Nigerians are already grappling with the high cost of living caused by the devaluation of the naira, significant increases in petrol prices, and steep hikes in electricity tariffs, among other factors.

The union expressed concern that since the beginning of President Bola Tinubu’s administration, government policies have inflicted pain, anguish, and suffering on Nigerians. It lamented that account holders in Nigeria are already burdened with multiple taxes imposed by both the Federal Government and banks.

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