‘We Will Find Solutions That Promote Investments’- Minister Of Interior Tunji-Ojo Reacts After Suspension Of Expatriate Levy

After pressure to stepdown the controversial expatriate employment levy, the Minister of interior, Hon. Olubunmi Tunji-Ojo has said that the levy which ranges from $10,000 to $15,000 was not aimed at discouraging foreign investors.

THE WHISTLER reported on Friday that the levy which was tagged ‘discouraging to foreign investors’ was temporary suspended for wider consultation.

Experts and think tank groups like the Lagos Chamber of Commerce and Industry, the Manufacturers Association of Nigeria, the CEO of the Centre for the Promotion of Private Enterprises and the Actualisation of Social Growth and Viable Development (NEFGAD) had hinted how the policy instigated some foreign investors to halt their projects.

To avert the possible reciprocal treatment by other countries against Nigerians abroad, Tunji-Ojo heeded the call for a suspension of the EEL.

Reacting to the decision the minister said the response shows federal government’s commitment to listening to stakeholders and engaging in meaningful dialogue.

A statement obtained by THE WHISTLER signed by the Director of Press of the Ministry, Ozoya Imohimi, the minister noted the importance of striking a balance between attracting foreign investment and prioritising human capital development to benefit Nigerians.

He said, “We understand the concerns raised by stakeholders, and we are committed to finding solutions that promote investment while safeguarding the interests of Nigerians.”

Tunji-Ojo assured stakeholders of the Ministry’s willingness to engage further and find mutually acceptable solutions.

The Minister of Interior said he remain committed to pursuing strategic partnerships to ensure that “our processes align with modem standards and safeguard Nigeria’s national interests.”