FG Suspends Expatriate Employment Levy, Manufacturers Association Applauds Decision

The Manufacturers Association of Nigeria (MAN) has recently commended the Federal Government of Nigeria for its decision to suspend the implementation of the Expatriate Employment Levy (EEL).

This move is aimed at allowing further engagement with stakeholders and addressing concerns raised by the business community.

MAN’s Director General, Segun Ajayi-Kadir, expressed deep appreciation for the swift intervention of the Minister of Finance and Coordinating Minister of the Economy, as well as the support of the Minister of Industry, Trade and Investment, and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reform.

The suspension of the levy has been met with relief by the business community, as it was causing significant anxiety among domestic and foreign private sector investors in Nigeria.

The decision to suspend the levy is seen as a positive step towards creating a more conducive business environment in the country.

The Expatriate Employment Levy, which was introduced to generate revenue for the government, had faced strong opposition from various stakeholders, including MAN, who made a representation to the President and the relevant Ministers to discontinue its enforcement.

The suspension of the levy is also expected to reassure the international business community, particularly those with whom Nigeria has signed trade agreements, of the country’s commitment to fostering a favorable business environment.

As Nigeria continues to navigate its economic challenges, the suspension of the Expatriate Employment Levy is a welcome development that demonstrates the government’s willingness to engage with stakeholders and address their concerns.