Search
Contact
Login
Share this article
IMPACT – MEDIUM
What is the change? Nigeria has doubled the government fee for the Combined Expatriate Residence Permit and Aliens Card (CERPAC) from US$1,000 to $2,000 per year.
What does the change mean? The CERPAC is required of foreign nationals living and working in Nigeria, and may be issued for up to two years.
Analysis & Comments: The government has generally been making efforts to promote foreign business and direct investment, but this hike in CERPAC fees will increase the costs of doing business and of engaging expatriates to live and work in Nigeria. Further, the increased costs may impair the ability of companies to employ expatriates with the technical expertise required in particular industries. By doubling the cost of CERPACs, the government may intend to reduce the influx of foreign workers into Nigeria by furthering localization policies. The higher cost may encourage employers to hire Nigerian citizens and transfer knowledge and skills from foreign workers to local understudies, who may eventually fill more senior-level positions.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
The Department of Labor and Employment (DOLE) issued supplemental guidelines for Department Order No. 248 to provide more information,…
The Italian government gave preliminary approval to a draft of the migration decree, approving 497,550 work visas to be made…
The Home Secretary introduced sweeping immigration reforms aimed at reducing net migration, tightening controls and prioritizing higher…
Employment and Social Development Canada announced an increase in the wage threshold under the Temporary Foreign Worker Program, impacting…