Cybersecurity levy’ll further pauperise Nigerians —TUC, Obi, northern coalition

ABUJA — THE Trade Union Congress, TUC, of Nigeria, presidential candidate of the Labour Party in the 2023 elections, Mr Peter Obi, and the Coalition of Northern Group, CNG, have condemned theWhile TUC described the levy expected to take effect within two weeks from May 6, as a vexatious extortion of the masses that should not be allowed to stand, Obi saw the new levy as one tax too many.

In a statement signed yesterday by the President, Comrade Festus Osifo, the TUC alleged that so many policies of the government were not only imposing hardship on downtrodden Nigerians but also businesses, as some of them were shutting down because of the unfriendly business environment. Accusing the government of stifling the business environment, the TUC said: “So many policies of this government are not only imposing hardship on the downtrodden Nigerians but also businesses, as some of them are shutting down because of the unfriendly business environment.”It accused the National Assembly of not being alive to its responsibilities, alleging that the federal lawmakers conspired with those exploiting the masses to inflict more pain on them.

“This ugly development will further encourage people to hoard cash at home, reduce financial inclusion, increase poverty and exacerbate the misery index. He said: “The introduction of yet another tax, in the form of cybersecurity levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth.

“Policies such as this not only impoverish the citizens but also make the country’s economic environment less competitive. He said: “This levy, which is expected to be effective within the next two weeks, exemplified the federal government’s lack of compassion and empathy to the plight of Nigerians in the face of the current economic hardship.

“While we concur that securing our cyberspace is paramount, that can only be justified as a corollary to the stabilization of the economy and improvement of the standard of living of Nigerians.

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