The Lagos Chamber of Commerce and Industry (LCCI) has commended the decision of the federal government to suspend the introduction of the much-vilified Expatriate Employment Levy (EEL), describing it as a demonstration of the willingness of the government to engage with businesses.
In a statement issued by its Director General, Dr Chinyere Almona, the Chamber also sees the move as a proactive stance taken by the government in responding to the concerns of the business community and fostering a conducive environment for economic growth and development, in tune with the Chamber’s advocacy.
According to LCCI, the suspension remains a positive response to the grave concerns of the private sector, as highlighted by the Chamber and other private sector advocacy institutions last week.
It expressed the belief that the act would go a long way in promoting a cordial relationship between the government and the business community towards a better business environment.
The business advocacy group also used the opportunity to call on the federal and sub-national governments to remain sensitive to the concerns of the private sector so as to enhance the profitability and sustainability of businesses in Nigeria.
“By suspending the Expatriate Employment Levy, the Federal Government of Nigeria has demonstrated a willingness to engage with the business community and adapt policies to better align with economic realities.
“The LCCI extends its appreciation to the Federal Government for its decision to suspend the Expatriate Employment Levy and looks forward to continued collaboration in advancing the interests of the Nigerian business community,” it stated.
It would be recalled that the federal government, through the Ministry of Interior, recently introduced an Expatriate Employment Levy, ranging from $10,000 to $15,000, to be paid for companies in Nigeria that have expatriates in their employment, a pronouncement that drew criticisms from Nigerians, especially the Organised Private Sector (OPS).
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