‘s most populous nation, Nigeria, has recently imposed a levy on expatriate workers in an effort to boost local employment opportunities.
President Bola Tinubu has emphasized that the levy should not be used to frustrate potential investors, but rather to encourage companies to hire more Nigerian workers.
The levy, which is set at $1,000 per expatriate worker per year, is part of the government’s broader strategy to reduce the country’s dependence on foreign workers.
This move comes at a time when Nigeria is grappling with high rates of unemployment and an economy that has been hit hard by the global pandemic.
While some critics have raised concerns about the potential negative impact on foreign investment, President Tinubu has defended the levy as a necessary step towards empowering Nigerian workers and promoting economic growth.
He has called on businesses operating in the country to prioritize the hiring of local talent and invest in the development of Nigerian workforce.
It remains to be seen how the new levy will affect the country’s foreign labor market and overall economy.
However, President Tinubu is confident that it will ultimately lead to a more sustainable and self-reliant workforce in Nigeria.
