President Bola Tinubu has approved the establishment of a tripartite committee to streamline visa processes and acquisition for investors interested in investing in Nigeria.
According to the resolution reached at the Federal Executive Council (FEC) meeting on Tuesday, the Minister of Information and National Orientation, Mr. Mohammed Idris, said the approval was necessary for ease of doing business.
Following the FEC meeting at the Presidential Villa’s Council Chambers in Abuja, the council decided that “going forward, investors and tourists would find it easy to acquire a visa within the next 48 hours.”
“Our visa processes are becoming cumbersome. The ease of doing business is also tied to our visa processes.”
The marathon meeting by the council considered at least 32 memoranda on Monday.
However, the meeting was adjourned till Tuesday to allow for other “far-reaching” decisions to be disclosed later today.
Idris announced the adjournment, saying Monday’s council meeting is not yet concluded. The council meeting will continue on Tuesday.
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