President Bola Tinubu has launched an expatriate employment levy, aiming at boosting the nation’s revenue generation and employment opportunities.
This comes a day after President Bola Tinubu seeks to streamline governance and reform Nigeria’s bloated bureaucracy with the Oronsaye report.
The launch of the expatriate employment levy was an initiative of the Federal Ministry of Interior which is expected to close wage gaps between expatriates and Nigerian workers, among other benefits.
The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this on his official X (formerly) Twitter account on Tuesday, February 27, 2024.
According to the minister on his social media handle, the project which will be operated on a Public-Private Partnership (PPP) model, will have the Nigeria Immigration Service (NIS) as the implementation agency.
He said; ‘’President Bola Tinubu (GCFR), today launched the Expatriate Employment Levy at the State House Council Chambers. The project will be operated on a Public Private Partnership (PPP) model between the Federal Government of Nigeria represented by the Ministry of Interior as the guarantor with the Nigeria Immigration Service (NIS), as implementing agency.
“The new initiative is expected to generate revenue for the government; improve nationalisation/indigenization; increase employment opportunities for Nigerians with foreign companies operating in the country; balance employment opportunities between Nigerians and expatriates; close wage gaps between the expatriates and the Nigerian Labour Force; and facilitate knowledge transfer to grow the economy.”
