Wednesday, February 28, 2024

Nigeria imposes annual levy on expatriate workers

Nigeria has imposed a mandatory annual levy for organisations employing expatriate workers, requiring them to pay $15,000 (£12,000) for a director and $10,000 for other categories.

The move is meant to encourage foreign companies to employ more Nigerian workers.

Staff of diplomatic missions and government officials are exempt.

President Bola Tinubu has warned that the levy should not be used to frustrate potential investors.

He spoke while launching the Expatriate Employment Levy (EEL) handbook on Tuesday, adding that the government was expecting to improve revenue and indigenisation.

He said that its aim was to balance employment opportunities between Nigerians and expatriates.

"The goal is to close wage gaps between expatriates and the Nigerian labour force while increasing employment opportunities for qualified Nigerians in foreign companies in the country," he said.

There are more than 150,000 expatriates in Nigeria, according to local media citing data from the interior ministry.

They mostly work in the oil and gas, construction, telecommunication and hospitality sectors.

Nigeria is one of Africa's biggest oil producers. Its oil and gas exports account for 90% of foreign exchange earnings, according to the International Monetary Fund.

The move comes as Nigeria is experiencing its worst economic crisis in a generation, which has led to widespread hardship and anger in recent months.

Labour unions and government workers on Tuesday held demonstrations to protest against economic hardships.

Mr Tinubu acknowledged that Nigerians were going through a difficult period.

He said efforts were being made to improve the country's finances and grow the economy.

The levy applies to employees who work for at least 183 days in a year.

The scheme imposes fines of up three years and jail terms of up to five years for a person or organisations that do not comply, including failure to provide accurate information.

The Nigerian Immigration Service will be responsible for enforcing the levy.

Local media quoted Interior Minister Olubunmi Tunji-Oj as saying that it would be operated on a public-private partnership model between the government, the immigration service and a private firm.

Nigerian economist Abubakar Abdullahi says the levy is good for the country and won't frustrate potential investors as "they'll love to see the country grow as well"."I believe Nigeria stands to benefit from this levy as more companies will start looking inwards as there are qualified Nigerians from all sectors," he says.

By Basillioh Rukanga, BBC

Related stories: Over 10,000 doctors left Nigeria for UK in last 7 yrs

Nigeria suffering from medical brain drain

Tuesday, February 27, 2024

Video - Rising Food Prices spark protests and smuggling in Nigeria



Nigeria is on the brink of a food crisis as skyrocketing prices, exacerbated by smugglers, leave millions struggling to afford basic necessities. The situation has prompted trade unions to call for protests against the government's handling of the crisis. The cost of food has risen by almost 40% in the past year alone, leaving many Nigerians unable to feed themselves or their families. With no end in sight to the crisis, the country is facing an uncertain future.

Al Jazeera

Related stories: Video - Nigeria vows to address rising cost of living amid protests

Video - Nigeria sees hundreds hit the streets over growing crisis

 

 

The eco-entrepreneur sparking the electric vehicle revolution in Nigeria

Mustapha Gajibo is driving change in Nigeria with his groundbreaking company, African Motor Works. The entrepreneur is transforming Nigeria's transportation sector while focusing on affordability and sustainability.


"Our main reasons for building electric vehicles are the high cost of mobility, cost of energy and carbon emissions," Mustapha Gajibo, Founder and CEO of African Motor Works, tells SCENES.

The young business owner's interest in electrifying Nigeria's transport options was sparked by the constant problems with the country's electricity supply.

"We spent weeks, sometimes months, even up to a year without electricity. So that has really motivated me to come up with this company," explains Mustapha.

The start-up company manufactures 200 vehicles monthly and produces mass transit vehicles such as large buses, minibuses and tricycles. Each vehicle has a simple battery-swapping system and can be fully charged in less than 40 minutes.

African Motor Works employs 24 workers and plans to expand its workforce. According to the electric vehicle creator, building a solid team is the key to his company's success.

"I don't call them staff. I call them family. Whatever glory we achieve, we achieve together," says Mustapha.

The reputation of African Motor Works is gaining momentum in Nigeria, and Mustafa hopes his venture will inspire other manufacturers across Africa. He dreams of one day seeing his African vehicles driving through the streets of New York, Beijing and other cities worldwide.

By Gregory Ward & Hillary Ebele Nnoruka, EuroNews

Related story: Video - Nigerian engineering students build electric car

Monday, February 26, 2024

Nigerian military speaks on reports of alert over coup plot

The Defence Headquarters (DHQ) has denied allegations that the Guards Brigade has been put on high alert over suspected activities of coup attempts in the country.

The Acting Director Defence Information, Tukur Gusau, a brigadier general, disclosed this on the DHQ official X account on Sunday.

Mr Gusau said the attention of the DHQ was drawn to a report published by SaharaReporters on 25 February claiming that the Guards Brigade had been put on high alert following unusual movements, leading to suspicion of a coup plot in Nigeria.

The report also said the suspicion prompted an emergency meeting involving President Bola Tinubu, the Chief of Staff to the President, Femi Gbajabiamila, and the Commander of the Guards Brigade, Adebisi Onasanya, a colonel.

Mr Gusau said the publication was a figment of the imagination of the publisher and should be disregarded by the public.

He said the Chief of Defence Staff, Christopher Musa, had repeatedly reiterated the unalloyed commitment of members of the armed forces to the protection and sustenance of democracy in Nigeria.

“It will be recalled that the Chief of Defence Staff, General Christopher Musa OFR had in various fora reiterated the unalloyed commitment of members of the Armed Forces of Nigeria to the protection and sustenance of democracy in Nigeria. Therefore, the Defence Headquarters strongly condemn this unsubstantiated assertion which is just a figment of the imagination of the publisher and enjoins members of the public to disregard it,” the statement said.

Last week, Mr Musa had cautioned those demanding a coup in the country.

Read the full statement below:


PRESS RELEASE
DHQ REFUTES ALLEGATION OF GUARDS BRIGADE PLACED ON HIGH ALERT OVER SUSPICION OF COUP PLOT IN NIGERIA

1.​The attention of the Defence Headquarters has been drawn to a malicious and unfounded article published online by @SaharaReporters on 25 February 2024 claiming that the Guards Brigade has been put on high alert following unusual movements, leading to suspicion of a coup plot in Nigeria. The publication also asserted amongst other things that the suspicion prompted emergency meeting involving President Bola Tinubu, the Chief of Staff to the President and Commander of the Guards Brigade.

2.​The publication also asserted amongst other things that the suspicion prompted emergency meeting involving President Bola Tinubu, the Chief of Staff to the President and Commander of the Guards Brigade.

3.​It will be recalled that the Chief of Defence Staff, General Christopher Musa OFR had in various fora reiterated the unalloyed commitment of members of the Armed Forces of Nigeria to the protection and sustenance of democracy in Nigeria. Therefore, the Defence Headquarters strongly condemn this unsubstantiated assertion which is just a figment of imagination of the publisher and enjoins members of the public to disregard it.

4.​Furthermore, the Defence Headquarters calls on relavant security agencies to immediately take appropriate action against the Sahara Reporters for this unpatriotic action. Meanwhile, the Defence Headquarters will seek legal redress on the issue which has the ulterior motive of creating unnecessary tension in the country.

Signed:

TUKUR GUSAU

Brigadier General

25 February 2024

Acting Director Defence Information

By Ademola Popoola, Premium Times

Nigeria to merge, scrap, government agencies to trim costs

Nigeria's government has approved a plan to merge, scrap, and relocate several agencies to streamline its bureaucracy and cut costs, the information minister said on Monday.

The move followed recommendations from a 2012 report from a government-appointed committee that suggested the elimination or merger of some 220 of more than 500 government agencies.

Information Minister Mohammed Idris told reporters that under the plan announced on Monday more than 20 government agencies will be merged, subsumed under existing ministries, or relocated.

Streamlining government bureaucracy in Nigeria has been the subject of debate for years, with critics pointing to overlapping mandates and redundancies among agencies.

President Bola Tinubu has set up a committee to ensure that necessary legislative amendments are made within 12 weeks to ensure the plan is fully executed, said Hadiza Bala Usman, an adviser to the president, who gave details of the policy.

Africa's largest economy is grappling with sluggish economic growth, low revenue and rising public debt.
After taking office in May last year, Tinubu embarked on the boldest economic reform program in decades, but his government is now under pressure to cut the cost of governance and improve efficiency.

Although welcomed by investors, unions say the reforms have have led to soaring costs at a time when Nigerians are already grappling with sky-high inflation. 

By Felix Onuah, Reuters