President Bola Tinubu has launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication and to balance employment opportunities between Nigerians and expatriates.
Speaking at the launch of the Expatriate Employment Levy handbook, the President also said the aim is to close wage gaps between expatriates and the Nigerian labour force, while increasing employment opportunities for qualified Nigerians in foreign companies operating in the country.
President Tinubu, however, warned that the scheme should not be used as an impediment nor as a cudgel wielded to discourage foreign investors.
The President used the occasion to assure Nigerians that there is an imminent light at the end of the tunnel as the country gradually turns the corner.
Speaking on the details of the initiative, the Minister of Interior, Mr. Bunmi Tunji-Ojo, explained that the project would be operated on a public-private partnership model between the federal government of Nigeria, the Nigeria Immigration Service (NIS), which is the implementing agency, and a technical partner, EEL Projects Limited.
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