Statutory Compliance Obligations of Employers in Nigeria

Statutory Compliance Obligations of Employers in Nigeria

A comprehensive overview of the statutory obligations employers in Nigeria must meet, including payroll contributions, insurance policies, and tax deductions.

Statutory-Compliance-Obligations-of-Employers-in-Nigeria-Client-Briefing-Note

Both employers and employees in Nigeria should be well-versed in the regulations that govern their work relationships. Employees must be aware of their rights and benefits, while employers need to understand the employer obligations in Nigeria to avoid corporate fines and potential personal penalties for managers or directors.

The following are some of the laws governing employment obligations and employer-employee relationships in Nigeria:

  1. The Business Facilitation Act, 2022
  2. The Employee Compensation  Act, 2010
  3. The Industrial Training Fund (Amendment) Act, 2011

To learn more about an employer’s responsibilities to employees according to the laws governing employment relations in Nigeria, click here.

For further guidance or to address any questions or concerns you may have, please send us an email at team@tlpadvisory.com

Author

  • Maryam Jimoh

    Maryam is an Associate Counsel at TLP Advisory. She provides all-round support to founders and investors, from making or accepting investments to ensuring regulatory compliance and making informed legal decisions. Her core areas of specialisation include investment advisory, compliance, and fintech advisory.