Citizens Channel
Editor choiceFeatured

Presidency Launches Expatriate Employment Levy (EEL)

President Bola Tinubu has earlier today launched the Expatriate Employment Levy (EEL) at the State House.

The President said this was aimed at facilitating home-grown skill retention and technology domestication while also seeking to strike a balance of employment opportunities between Nigerians and expatriates.

President Bola Tinubu revealed this on his X handle while also stating that the goal is to close wage gaps between expatriates and the Nigerian labour force while increasing employment opportunities for qualified Nigerians in foreign companies operating in the country.

Tinubu also sounded a warning to agencies tasked with the implementation of the policy to desist from turning the policy into a bottle-neck used to frustrate potential investors in the country.

President Tinubu wrote, “Earlier today, at the State House, I launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication, aiming to balance employment opportunities between Nigerians and expatriates. The goal is to close wage gaps between expatriates and the Nigerian labour force while increasing employment opportunities for qualified Nigerians in foreign companies operating in the country.

“As a government, it is expected that the EEL will improve revenue generation, naturalisation and indigenisation, and we anticipate the employment of more qualified Nigerians by foreign companies operating in this country.

“My administration seeks a more significant balancing of employment opportunities between Nigerians and expatriates and the closure of the wage gap between expatriates and the Nigerian labour force by making it more attractive to hire Nigerians.

“I declare my support for the Expatriate Employment Levy scheme and will continue to encourage the operators, practitioners of immigration matters and expatriate quotas. Still, I emphasise this to all agencies involved in its implementation: do not use it as a bottleneck; do not use it as an obstacle to frustrate potential investors. This initiative should not be used as an impediment nor as a cudgel wielded to discourage foreign investors.

“I expect there will be clear lines of implementation and effective acceleration of the aims and objectives of this programme. Officials in charge of immigration matters, expatriate quotas, and relevant stakeholders are effectively guided to make Nigeria the focus of the aim of this EEL.”

The President also noted the difficulties in the country’s economy while also assuring Nigerians that the relevant authorities are working to ensure that things get better for its citizens.

“Fellow Nigerians, we might be going through a difficult period now. Still, when you look at the Infrastructure Concession Regulatory Commission (ICRC), the Federal Ministries of Finance, Budget and National Planning, and the people manning the ship of this country, including the Central Bank of Nigeria, they have collaborated.

“In the spirit of development and progress, we are glad that reasonable effort is being made to re-engineer the country’s finances and make growth our hallmark. Nigeria will succeed.” he said.

Related posts

FG Warns Labour Union On Push For Higher Minimum Wage

Esther Samson

Halt Planned Nationwide Protest -DSS

Esther Samson

NEMA Distribute Grains To Jigawa State

Esther Samson

Leave a Comment

Verified by MonsterInsights