Industry News

Manufacturers, industrialists laud suspension of expatriate levy

Manufacturers, industrialists laud suspension of expatriate levy
Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir

The Manufacturers Association of Nigeria (MAN), and Lagos Chamber of Commerce and Industry (LCCI) have commended the Federal Government for suspending the implementation of the Expatriate Employment Levy (EEL).

In a statement on Tuesday, Director General of MAN, Segun Ajayi-Kadir, lauded the intervention of all stakeholders of government for their efforts in discontinuing enforcement of the levy.

The EEL was launched on February 27 to encourage employment of more Nigerians by foreign companies.

However, following agitations of the organised private sector over the development, government on March 8, announced the suspension of its implementation.

Ajayi-Kadir said the suspension was in the interest of domestic and foreign private sector investors in Nigeria, adding that the anxiety that enveloped the business community following its introduction had abated.

“Also, the international business community, particularly those with whom we have signed trade agreements, will also be reassured of our commitment to the creation of a congenial business environment,” he said.

Director General, LCCI, Chinyere Almona, also commended the federal government’s decision to suspend the controversial EEL.

She said the move demonstrated a proactive stance by the government in responding to the concerns of the business community.

Almona added that the decision also showed government’s resolve to fostering a conducive environment for economic growth and development, which the chamber vigorously advocated for.

“The chamber views the suspension as a positive response to the grave concerns of the private sector and the act promotes cordial relationship between government and the business community toward a better business environment.

“We urge government at all levels to remain sensitive to the concerns of the private sector to enhance the profitability and sustainability of businesses in Nigeria.

“By suspending the Expatriate Employment Levy, the Federal Government of Nigeria has demonstrated a willingness to engage with the business community and adapt policies to better align with economic realities.”

“The LCCI looks forward to continued collaboration in advancing the interests of the Nigerian business community,” she said.

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