ARTICLE
28 March 2024

Suspension Of The Expatriate Employment Levy Scheme

UU
Udo Udoma & Belo-Osagie

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Founded in 1983, Udo Udoma & Belo-Osagie is a multi-specialisation full service corporate and commercial law firm with offices in Nigeria’s key commercial centres. The firm’s corporate practice is supported by a company secretarial department, Alsec Nominees Limited, which provides a full range of company secretarial services and our sub-firm, U-Law which caters exclusively to entrepreneurs, MSMEs, startups, and growth businesses across several industries, including the FinTech industry. It is designed as a one-stop-shop for all basic business-related legal needs, providing high-quality support in a simplified and straightforward manner at super competitive prices. We are privileged to work with diverse local and international clients to create and implement innovative practical solutions that facilitate business in Nigeria and beyond. When required, we are well-placed to work across Africa with a select network of leading African and international law firms with whom we enjoy established relationships.
We write to provide an update on the Expatriate Employee Levy Scheme ("EEL Scheme") that was introduced on 27th February 2024 by the Federal Ministry of Interior ("FMI").
Nigeria Employment and HR

We write to provide an update on the Expatriate Employee Levy Scheme ("EEL Scheme") that was introduced on 27th February 2024 by the Federal Ministry of Interior ("FMI").

On 8th March 2024, the Minister of Interior, Dr. Olubunmi Tunji-Ojo (the "Minister") met with a delegation led by the Minister of Industry, Trade and Investment to address the concerns and seek clarification on the EEL Scheme. It was agreed that:

  • The implementation of the EEL Scheme will be suspended pending further consultations with vital stakeholders.
  • A joint committee comprising members of the Ministry of Industry, Trade and Investment, the Ministry of Interior, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and other stakeholders will be set up to review the EEL Scheme.

The FMI issued a press release on 8th March 2024 in which the Minister confirmed that the implementation of the EEL Scheme has been suspended and he assured stakeholders of the FMI's willingness to engage further with them to find mutually acceptable solutions. Please see the link to the press release on the FMI's website https://interior.gov.ng/press-release/fg-addresses-stakeholders-concerns-on-expatriate-employment-levy/

We will continue to keep you informed of all developments on this matter.

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