Like the Nigeria Employers’ Consultative Association (NECA), the Lagos Chamber of Commerce and Industry (LCCI) has advised that a balanced approach to expatriate employment levy should be adopted because it has a potential impact on inflows of foreign direct investments.
LCCI Director-General Chinyere Almona on Tuesday in Lagos disclosed that the advice was to ensure the levy does not become an inhibitor to attracting and retaining foreign investments, which are crucial for economic growth.
On February 27, the federal government announced a mandatory annual levy for organisations employing expatriate workers. According to the government, the move is to encourage foreign companies to employ more Nigerian workers.
