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The Nigerian government recently launched guidelines for the Expatriate Employment Levy initiative that applies to employers hiring foreign workers.
Additional Information: The EEL initiative aligns with 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 through public-private partnerships.” Summary of the EEL guidelines can be found here.
BAL Analysis: The Nigerian government’s guidelines explicitly state that the levy was created in part to address demographic shifts, which include more than 150,000 expatriates now living in Nigeria and whose employment has resulted in wage gaps and disparities in core competencies that the government is endeavoring to reduce.
This alert has been provided by the BAL Global Practice Group.
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