Nigeria recently implemented the Expatriate Employment Levy (EEL), a policy aimed at addressing the complex interplay between foreign expertise and local employment opportunities. This article explores the key aspects of the EEL, its intended goals, and the potential implications it may hold for both businesses and the Nigerian workforce.
The Rationale Behind the Levy
The EEL was introduced by President Bola Tinubu with the aim of achieving several objectives:
Boosting Employment for Nigerians: The levy aims to incentivize companies to prioritize qualified Nigerians for open positions. This, in turn, could lead to a decrease in unemployment and an increase in skilled professionals within the local workforce.
Bridging the Wage Gap: The EEL hopes to create a situation where companies find hiring qualified Nigerians more attractive due to the cost associated with employing expatriates. This could potentially lead to a narrowing of the wage gap between local and foreign professionals.
Revenue Generation: The fees collected from the levy will contribute to government revenue, which can be used to fund various development initiatives.
Promoting Knowledge Transfer: The EEL might encourage companies to invest in training and development programs for their Nigerian employees, facilitating knowledge transfer from expatriates to the local workforce.

To know how it affects your business and the fees for each category, read more here
https://blog.norebase.com/the-new-expatriate-employment-levy-everything-you-need-to-know/

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