Archive for March, 2024

Expatriates Levy may force more businesses to close shop, MAN warns…says 767 manufacturing companies shut down in 2023

Expatriates Levy may force more businesses to close shop, MAN warns…says 767 manufacturing companies shut down in 2023

News March 8, 2024 at 4:52 am 0 comments

    The Manufacturers Association of Nigeria (MAN) has warned that the planned implementation of the Expatriates Employment Levy (EEL), by the federal government, may for many businesses toe the path of the 767 companies that shut down in the country, in2023.     The association in a statement signed by its Director General, Segun Ajayi-Kadir,  stated that with capacityRead More

Expatriates Levy may trigger further relocation of businesses – LCCI

Expatriates Levy may trigger further relocation of businesses – LCCI

News March 8, 2024 at 4:24 am 0 comments

  The Lagos Chamber of Commerce and Industry (LCCI), has warned that plans by the federal government to implement the recently-introduced Expatriates Employment Levy (EEL), in the country,  may cause unintended consequences that may trigger the relocation of foreign companies to neighbouring countries that present a more conducive and less expensive environment for business.       The Chamber, inRead More