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Tinubu Launches Handbook on Expatriate Employment Levy to Boost Technology Transfer and Employment Opportunities in Nigeria

President Bola Tinubu has unveiled a groundbreaking handbook on expatriate employment levy, marking a significant milestone in Nigeria’s efforts to foster technology transfer and address brain drain. The launch, which took place at the council chamber in Abuja, signifies a transformative step towards creating a more balanced employment landscape and ensuring the development of Nigerian talent. In this article, we will delve into the details of this game-changing initiative, its benefits, and the positive impact it is set to have on the country’s economy.

The Expatriate Employment Levy Program Handbook: A Catalyst for Change

President Tinubu emphasized the importance of the Expatriate Employment Levy (EEL) program handbook, hailing it as a game changer that will revolutionize the employment dynamics in Nigeria. The EEL program is a government-approved contribution that will establish a definitive timeline for expatriates working in the country to train and develop Nigerian professionals. By doing so, the handbook aims to foster technology transfer, boost indigenous employment, and bridge the wage gap between expatriate and local workers.

Key Objectives and Benefits

The implementation of the EEL program is expected to yield several significant benefits for Nigeria. Firstly, it will enhance revenue generation, contributing to the country’s economic growth. Additionally, the program will encourage naturalization and indigenization, ensuring that more Nigerians are employed by foreign companies operating in the country. The EEL program also seeks to strike a balance in employment opportunities between Nigerians and expatriates, creating a level playing field for both groups. Furthermore, the wage gap between expatriate and Nigerian workers will be narrowed, making it more attractive for employers to hire local talent.

 

President Tinubu’s Vision for a Brighter Future

President Tinubu expressed his unwavering commitment to the Nigerian people by assuring them that there is light at the end of the tunnel. Despite the challenges the country currently faces, he highlighted the collaborative efforts of various governmental bodies, including the Infrastructure Concession Regulatory Commission, the Federal Ministry of Finance, Budget and National Planning, and the Central Bank of Nigeria. These collective efforts are aimed at retooling and re-engineering the country’s finances, with a focus on sustainable growth and development.

Addressing Security Challenges and Foreign Movement

The EEL program is poised to address loopholes and gaps in Nigeria’s security landscape, particularly concerning the movement of foreigners in and out of the country. By imposing strict regulations and guidelines, the program will enhance security measures and ensure better control over foreign nationals entering Nigeria. Additionally, the program will have a dual-fold impact by generating revenue and addressing the salary gaps that have long plagued the remuneration of expatriate workers compared to their Nigerian counterparts.

President Tinubu’s Call for Support and Encouragement

President Tinubu extended his full support to the Expatriate Employment Levy scheme, urging all stakeholders, including immigration practitioners and expatriate quota operators, to embrace the initiative. He emphasized that the handbook should not become a bottleneck or a hindrance to potential investors. Instead, it should be used as a tool to promote transparency, efficiency, and fairness in the employment sector.

Minister Of Interior’s Insight

Minister of Interior, Olubunmi Tunji-Ojo, shed light on the operational aspects of the expatriate employment levy. He explained that the program operates on a public-private partnership (PPP) model, with the federal government of Nigeria, represented by the Ministry of Interior, serving as the guarantor. The Nigerian Immigration Service (NIS) is the implementing agency, while E L. Projects Limited acts as the technical partner. The Federal Executive Council (FEC) granted approval for the project in May 2023, paving the way for its implementation.

 

The launch of the handbook on expatriate employment levy by President Bola Tinubu marks a significant milestone in Nigeria’s quest for technology transfer, indigenous employment, and a more balanced employment landscape. The program’s objectives align with the country’s vision for sustainable growth and development. By fostering technology transfer, narrowing the wage gap, and creating employment opportunities for Nigerians, the EEL program has the potential to revolutionize the employment sector. With President Tinubu’s unwavering support and the commitment of all stakeholders, Nigeria is poised for a brighter future.

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