FG Plans to Halt Expatriate Employment Levy – NACCIMA

1. Introduction

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has recently announced a significant development regarding the enforcement of the Expatriate Employment Levy by the Federal Government.

2. Background of the Expatriate Employment Levy

The Expatriate Employment Levy (EEL) was a policy recently enacted by the Nigerian government aimed at regulating the employment of expatriates within the country.

3. Suspension of the Levy

NACCIMA disclosed that the Federal Government has agreed to suspend the enforcement of the EEL.

4. Agreement for Further Consultations

Following a meeting with the Minister of Industry, Trade and Investment and the Minister of Interior, it was unanimously agreed to pause the implementation of the EEL. This pause allows for further consultations with NACCIMA and other key stakeholders.

5. Formation of a Joint Committee

A joint committee, comprising members of the Ministry of Industry, Trade and Investment, the Ministry of Interior, NACCIMA, and other stakeholders, will be formed to review the EEL policy.

6. Gratitude to the Federal Government

NACCIMA extends its gratitude to the Federal Government, the Ministry of Industry, Trade and Investment, and the Ministry of Interior for their willingness to engage in dialogue and consider the implications of the EEL on the business community.

7. Conclusion

The decision to suspend the enforcement of the Expatriate Employment Levy reflects the commitment of the Federal Government to creating an inviting atmosphere for both local and international investors.

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