The Centre for Promotion of Private Enterprise, (CPPE) led by Dr. Muda Yusuf has stated that the new Expatriate Employment Levy (EEL) from the federal government may trigger reciprocal actions against Nigerian and negatively impact regional integration of ECOWAS and across Africa.
Dr. Muda Yusuf disclosed this in a statement reacting to the new policy initiative by the Pres. Tinubu administration where he said that the new policy will discourage investment in the real sectors of the economy.
According to him, the policy does not place a restriction on workers from other African countries despite Nigeria’s leadership role in the continent.
Furthermore, the group noted that the four weeks compliance time is too short and recommended a six-month period.
The federal government recently introduced the Expatriate Employment Levy (EEL) which plans to impose a levy on companies employing foreigners in the country.
The Federal Government’s latest initiative is anticipated to enhance revenue collection, boost job creation for Nigerians in foreign-operated companies within Nigeria, narrow the salary disparities between expatriate and Nigerian employees, among various other advantages.
Source- Statement from the CPPE,
Tags-
