The Nigeria Employers’ Consultative Association has commended the Federal Government through the Ministry of Interior and Ministry of Industry, Trade, and Investment for putting a hold on the implementation of the Expatriate Employment Levy.
President Bola Tinubu had recently launched the Expatriate Employment Levy through the Ministry of Interior and Ministry of Industry, Trade, and Investment.
However, the levy imposed on organisations hiring expatriate workers aims to promote skills transfer, economic balance, and collaboration between sectors. Similar measures are seen in other countries.
The levy, ranging from $10,000 to $15,000 annually, requires expatriates to possess an EEL card for entry and exit.
It’s based on offshore earnings and is tax-deductible as a business expense.
The levy has been widely criticised by members of the Organised Private Sector.
However, the president later announced the suspension of the levy.
Reacting in a statement on Sunday by NECA, the Director General, Adewale-Smatt Oyerinde stated “We commend the Minister of Interior and the Minister of Industry, Trade and Investment for their roles in putting the EEL on hold. While we appreciate the objectives of the scheme and the need to address gaps in the management of expatriate employment in Nigeria, the decision by the government is nothing short of genuine concern for the plight of organised businesses.
“This has further affirmed this administration as a listening one. The speed of response to organised businesses’ concern was commendable and worthy of note.”
Speaking further on the need for deepened engagement with stakeholders, the NECA boss noted “We are always open to engaging the government at all levels and the proposal for stakeholders’ engagement on the issue is highly welcome.
“We urge an inclusive engagement with members of the Organized Private Sector of Nigeria with the view of harvesting workable solutions and options for a win-win position for the economy and the private sector.”
