Monthly expatriate quota report requirement in Nigeria

Monthly expatriate quota report requirement in Nigeria

February 22, 2024

What is a monthly expatriate report?

The concept of Monthly Expatriate Report is used in reference to Expatriate Quota, which is granted to companies or organisations to enable them engage the services of expatriate personnel with skills and qualifications not readily available in Nigeria.

Every company which operates with the grant of expatriate quota is required to submit a monthly quota return to the Federal Ministry of Interior (FMOI) detailing the status of the expatriate quota granted to it.

Why must the report be filed?

The report is expected to provide comprehensive information including the details on the utilization of the expatriate positions and other information necessary to help the FMOI monitor and enforce the implementation of the expatriate quota system.

How is the monthly expatriate report filed?

The monthly quota returns were filed manually in the past, but the returns are now filed electronically via the FMOI eCITIBIZ portal by a company that has an approved expatriate quota.

When is the expatriate report to be filed?

The expatriate report must be filed monthly. The report of the preceding month must be filed within the first 10 days of the following month.

For the purpose of ensuring compliance, the FMOI has imposed penalties for companies which fail to file the monthly return within a specific period after it becomes due. By a public notice issued by the FMOI, companies which fail to file their monthly report from January 2024 shall be liable to penalties as follows:

After the first 10 days –        NGN100,000

After 20 days –                      NGN150,000

After 25 days –                      NGN200,000

The monthly expatriate report is simply a means for the FMOI to keep track of all approved expatriate quotas, and ensure that they are properly utilised. To this end, it is important for companies to adhere to the measures in place, no matter how difficult, in order to avoid any inconvenience and penalties.

Team 618 Bees

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

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Frequently Asked

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    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

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    Although it’s ideal to have a lawyer as a company secretary, it is not compulsory for small private businesses.

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    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.

  • If I have NAFDAC Registration number, do I still need SON registration number?

    SON Product Registration scheme is mandatory for all SON’s regulated products as mandated by SON Act 56 of 1971, 20 of 1984, 18 of 1990 as amended.

    This is irrespective of the registration done by NAFDAC

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    Name, photograph, personal health/bio information, account/financial information, phone number, Address, date of birth, place of birth, Email address, etc.

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  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time

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    A minimum of one (1) adult shareholder is required to form a company.

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