The minister of industry, trade and investment, Okechukwu Enelamah, announced that visas for investors will be issued within 48 hours of request.
According to THISDAY, a directive to that effect has been issued by the federal government to the visa-issuing agency.
He said: “Our visa on arrival procedure is now fully operational, with an upcoming increase in the number of eligible countries. A directive has been issued on 48-hour visa issuance by Nigerian missions abroad.
“We have foreign missions in almost all the major countries of the world and we feel the missions should be used to sell Nigerian products abroad and also used as a point for those who want to invest in Nigeria to make their enquiries.”
The directive is expected to cut out or significantly reduce the redtapism and other bureaucratic acts that cause late issuance of visas. Enelamah said it is part of the Buhari-led government’s plan to attract investors to the country by allowing ease of entry.
This plan is part of efforts by members of the Presidential Enabling Business Environment Council (PEBEC) whose purpose is to identify and reduce bureaucratic processes and regulations that impede the private sector.
Priority reforms in the areas of entry and exit of goods where seven reforms would be carried out, entry and exit of people where six reforms would be carried out, government and transparency with four reforms are currently being worked on by the PEBEC.
The minister made this known at an event on Tuesday.