Federal Government Suspends Expatriate Employment Levy Amidst Backlash

The Federal Government of Nigeria has halted the implementation of the recently introduced Expatriate Employment Levy, as announced by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA). The decision, made public through a statement signed by NACCIMA’s National President, Dele Kelvin Oye, comes in the wake of mounting opposition from various private sector groups.

The suspension follows a series of significant engagements, including a Trade and Investment outreach led by President Bola Ahmed Tinubu in Qatar. A crucial meeting involving key stakeholders, such as the Minister of Industry, Trade and Investment, Doris Aniete, and the Minister of Interior, Olubunmi Tunji-Ojo, paved the way for the policy reversal.

In his statement, Oye underscored the importance of further consultations with NACCIMA and other stakeholders, emphasizing the need for a thorough review of the Expatriate Employment Levy (EEL) policy. A joint committee comprising members from relevant ministries and NACCIMA will be formed to oversee this process.

Acknowledging the government’s willingness to engage in dialogue, Oye expressed gratitude for their understanding of the implications of the EEL on the business community. He highlighted the government’s commitment to fostering an enabling environment for both local and international investors.

Reassuring investors, Oye urged them to proceed with their business activities and investment plans in Nigeria confidently. He emphasized the government’s readiness to enhance the investment landscape and support economic growth, citing the assurances provided by the ministers involved in the negotiations.


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