The Federal Ministry of Interior (FMI) has decided to suspend the implementation of the Expatriate Employment Levy (EEL), which was launched by President Bola Ahmed Tinubu on Tuesday, 27 February 2024. You may read our earlier article on this development here.

This decision comes following a press release issued by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), in collaboration with key stakeholders. The suspension was announced on March 8th, 2024, after a meeting with the Honorable Minister of Industry, Trade and Investment, and the Honorable Minister of Interior. The press release outlined the following resolutions:

1. The implementation of the Expatriate Employment Levy will be put on hold to allow for further consultations with NACCIMA and other important stakeholders.
2. A joint committee, consisting of members from the Ministry of Industry, Trade and Investment, the Ministry of Interior, NACCIMA, and other stakeholders, will be established to review the EEL policy.
3. The rollout of the EEL, as initially planned, will be postponed in line with the resolutions made during the meeting.

Commentary

This decision to suspend the implementation of the EEL is a positive step and reflects a government that is responsive to feedback. The launch of the levy had elicited mixed reactions from stakeholders, with concerns raised about the potential negative impact on businesses already facing challenges in the country. The government’s willingness to engage in further dialogue with critical stakeholders before proceeding with the implementation of the EEL is commendable. It is hoped that this pause will lead to a revised policy that not only safeguards Nigeria’s interests but also contributes to creating a conducive environment for economic growth and development.

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