FG Launch New Visa Policy To Improve Business Environment And Attract Investors

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The Federal Government of Nigeria has launched a New Visa Policy for the nation. This launching was executed by President Muhammadu Buhari on Wednesday four, February 2020 on the State House, Abuja. 

According to the President, “the brand new visa Policy will assist enhance the business atmosphere and entice Foreign Direct Investment (FDI). It will enhance tourism and enhance African integration, with out compromising nationwide safety and territorial integrity. 

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This new Visa Policy will advance our objective of constructing a globally aggressive economic system, by serving to to draw innovation, and specialised abilities and information from overseas, to enrich domestically obtainable ones. With this, we’re sending a message to the world that Nigeria is open for business.” 

The Minister of Interior, Ogbeni Rauf Aregbesola says; “the nation’s safety wouldn’t be compromised by the visa coverage, although it addresses the wants of individuals visiting Nigeria. 

The new visa coverage will likely be useful to the Diaspora Nigerians by start who can now use different passports to go to the nation as a result of some nations don’t enable twin citizenship.”

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Objective Of The Policy

The goal of the New Visa Policy is to strengthen Nigeria’s place as a key economic system in Africa. With this, it should entice Foreign Direct Investment (FDI) into the nation’s economic system. 

It’s designed to assist the attainment of the Economic Recovery and Growth Plan (2017 – 2020). Also, it’s a pathway to realize the Security, Economy and Transparency (SET) Agenda of the current Administration. 

Buhari disclosed, “earlier in the middle of this administration, we launched the Economic Recovery and Growth Plan (2017-2020) with one of many targets being to minimise bottlenecks which impede innovation and market-based options for constructing an all-inclusive economic system.

The New Visa Policy 2020 is to draw innovation, specialised abilities and information from overseas to enrich domestically obtainable ones.” 

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“I therefore commend the document to the international community, foreign and local business entities. We are open for business,” – Buhari

Besides, this coverage is in step with the FG’s imaginative and prescient to take 100million Nigerians out of poverty within the subsequent 10 years. It is to strengthen Nigeria’s place as a key economic system in Africa, and entice extra Foreign Direct Investments (FDIs). This will in flip present jobs for Nigerians and raise the nation’s teeming inhabitants out of poverty.

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Element Of The New Visa Policy 2020

As in opposition to the earlier insurance policies, there are new parts that comes with the brand new Nigerian Visa coverage. 

First, is a rise within the variety of visa lessons from 6 to 79 to incorporate health, schooling, tourism, e.t.c. This enhance is to make sure that visas effectively match the aim of journey. This method, processing and response will be effectively executed.

Commenting on the rise, the Minister of Interior, Ogbeni Rauf Aregbesola stated the explanation for the rise is straightforward. “We need to be very detailed within the classification of people that we’ve to deliver into our nation, that’s the primary consideration.

Secondly, it’s to increase our economic system. Let me offer you an instance; I gained’t point out the title. A college wrote me because the minister to request a selected variety of visa allocation in order to reinforce the variety of college students coming to that establishment.”

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Moving additional, the Comptroller General of the Nigerian Immigration Service (NIS), Muhammad Bandede made a technical presentation. He listed the classes and warranted the nation that the difficulty of corruption or bribery can be managed by the automated system. Also, he introduced the technological hub, Migrants Information and Data Analysis (MIDAS) – a method to make sure strict compliance with the situations for the issuance of the visa.

“The Economic and Financial Crimes Commission (EFCC), National Intelligence Agency (NIA) and the Interpol also made inputs into the system and would be carried along in the processing before approval. The new policy now has a biometric visa system that links and retrieve all visas issued to the biometric details of the visa recipients.” Bandede

In addition, the coverage prioritizes expertise and automation to ensure improved safety. Also, this can enhance transparency and sort out corruption by lowering human contact.

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The publish FG Launch New Visa Policy To Improve Business Environment And Attract Investors appeared first on Entrepreneurs In Nigeria.

Durodola Bolaji

A network marketer, entrepreneur and investor, I am happily married with kids. I reside in Ibadan and run a company in Northern side of Nigeria. I am currently earning passive income working from the comfort of my home using the Internet, email, and the telephone with an incredible sense of security and peace of mind. I've been earning a full-time income from home online since 2014, mostly within the network marketing and direct sales industry, and in recent years.

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