Nigeria Halts Controversial Expatriate Levy Amid Backlash
.webp)
Following strong opposition, President Bola Tinubu has decided to temporarily halt the implementation of his controversial annual levy, which required companies employing foreign nationals to pay up to $15,000 for directors and $10,000 for other employees. Following a meeting in Abuja, the Ministry of Interior declared the delay to allow for stakeholder consultations. READ ALSO: Dangote Group and 50 Other Businesses Included in Nigerian Investigation of Former Central Bank Governor Various organizations strongly opposed the fee, which was intended to reduce the exploitation of expatriate quotas and promote employment possibilities for Nigerians while bridging salary gaps. The government's move to reevaluate the levy's effects on the business sector was welcomed by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), which cited a commitment to creating an environment that is favorable to both domestic and foreign investors. Groups like ...