Nigeria has implemented a mandatory yearly fee for companies that employ foreign workers. The fee is $15,000 for a director and $10,000 for other workers.
According to President Bola Tinubu, the objective of the action is to encourage international companies to increase their employment of Nigerian workers. People who work for embassies and government officials do not have to follow the same rules.
However, President Bola Tinubu has said that the tax should not stop new investors.
He talked about the Expatriate Employment Levy (EEL) handbook on Tuesday. He said that the government wants to make more money and promote local businesses.
He said its goal was to make sure there are equal job chances for Nigerians and people from other countries.
“He said the aim is to make sure that foreign workers and Nigerian workers are paid the same and that more Nigerians can get jobs at foreign companies in Nigeria. “
He said he thought the plan should be easy to understand in order to reach its goals.
According to local news,there are over 150,000 foreigner sliving in Nigeria.
They mainly work in the oil and gas, construction, telecommunication, and hospitality industries.
The decision is made because Nigeria is having its worst economic problem in a longtime. This has caused a lot of difficulty and upset for many people in the past few months.
Workers and government employees marched to show they are not happy about having a hard time with money.
Mr Tinubu said that he knows Nigerians are having a hard time.
He said they are trying to make the country’s money better and make the economy bigger.
The tax applies to people who work for at least 183 days in a year.
The plan makes people or organizations pay money or go to jail for not following the rules,like not giving the right information.
The Nigerian Immigration Service will make sure that the levy is obeyed.
The Interior Minister said that the immigration service will work with the government and a private company to run the project.