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NCDMB and FMI issue joint resolutions on Expatriate Quota administration in the Nigerian oil and gas industry

NCDMB and FMI issue joint resolutions on Expatriate...

The Federal Ministry of Interior (FMI) and the Nigerian Content and Development Monitoring Board (NCDMB) on Monday, 18 November 2019 published joint resolutions for the effective administration of Expatriate Quota (EQ) in the Nigerian oil and gas industry (“the industry”).

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Wole Obayomi

Partner & Head, Tax, Regulatory & People Services

KPMG in Nigeria

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NCDMB and FMI issue joint resolutions on Expatriate Quota administration in the Nigerian oil and gas industry

This followed deliberations of the joint committee inaugurated by both the NCDMB and FMI on 8 October 2018 to promote collaboration on EQ issuance and utilization in the industry.

The resolutions reinforce extant policies on administration of EQ approval for companies operating in the industry, in line with the provisions of the Nigerian Oil and Gas Industry Content Development Act 2010. The resolutions also seek to enforce the provisions of NCDMB’s “Guidelines on Application for Temporary Work Permit in the Nigerian Oil and Gas Industry” requiring any oil and gas company that intends to engage expatriates on Temporary Work Permit (TWP) to obtain NCDMB’s prior recommendation. Such recommendation must be submitted to the Nigeria Immigration Service before the TWP is issued.

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The joint resolutions were issued to resolve perceived loopholes allegedly exploited by some oil and gas companies in employing expatriates in lieu of qualified Nigerians. The resolutions, therefore, signal the Federal Government’s drive for enforcement of compliance by oil and gas companies with regulatory requirements on expatriate employment in the industry.

Please click here to access the Public Notice.

For further enquiries on the above please contact:

Wole Obayomi

ng-fmtaxenquiries@ng.kpmg.com

© 2020 KPMG Professional Services, a partnership registered in Nigeria and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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