At the State House earlier yesterday, President Bola Ahmed Tinubu unveiled the Expatriate Employment Levy (EEL), marking a significant step towards bolstering Nigeria’s workforce and reducing wage disparities between Nigerians and expatriates.
President Tinubu Launches Expatriate Employment Levy To Boost Nigerian Workforce 7
The EEL initiative aims to foster skill retention, promote technology domestication, and create a more balanced employment landscape by encouraging the hiring of qualified Nigerians in foreign companies operating within the country.
President Tinubu emphasized the importance of closing the wage gap between expatriates and Nigerian workers while increasing job opportunities for the country’s skilled workforce.
He expressed confidence that the EEL scheme would not only enhance revenue generation but also facilitate naturalization and indigenization efforts.
Addressing concerns about potential bureaucratic hurdles, President Tinubu urged implementing agencies not to use the EEL as a bottleneck or deterrent to foreign investors.
He underscored the need for clear and efficient implementation to ensure Nigeria remains an attractive destination for investment.
The President highlighted the collaborative efforts of various government bodies, including the Infrastructure Concession Regulatory Commission, the Ministries of Finance, Budget, and National Planning, and the Central Bank of Nigeria, in steering the country towards economic growth and development.
President Tinubu reassured Nigerians of the nation’s resilience and determination to succeed amidst challenges, signalling a commitment to making growth and progress the hallmark of Nigeria’s future.
