Search
Contact
Login
Share this article
The Nigerian government announced the temporary suspension of the Expatriate Employment Levy on March 8, pending further consultation with stakeholders.
Key Points:
Additional Information: EEL guidelines were published on Feb. 27. The EEL initiative reflects Nigeria’s Renewed Hope Agenda, unveiled in 2023 as a strategy to build a trillion-dollar economy within the next decade. Minister of Interior Dr. Tunji-Ojo said, “This initiative underscores our commitment to creating employment opportunities, enhancing revenue generation and fostering economic growth though public-private partnerships.” A summary of the EEL guidelines can be found here.
BAL Analysis: The announcement of the EEL was met with widespread criticism due to its potential negative impact on foreign direct investment, especially considering the current economic climate in Nigeria. This decision to suspend the EEL implementation is a positive step, showing a commitment to collaborative dialogue among stakeholders. BAL will continue to monitor further developments.
This alert has been provided by the BAL Global Practice Group.
Copyright © 2024 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.
According to the recent publication of the Spring 2024 regulatory agenda, the Biden administration has the H-1B modernization rule,…
New Zealand announced a policy change for certain Accredited Employer Work Visa (AEWV) holders who want to bring family to…
Indian authorities announced the opening of a new Fast Track Immigration — Trusted Traveler Program (FTI-TTP) for Indian nationals and…
In this week’s spotlight, BAL’s Josiah Curtis and Shane Andrews discuss hot topics from this year’s SHRM conference, from a…