The federal executive council (FEC) has approved the establishment of a tripartite committee to review the visa approval process for foreign investors and tourists.
Speaking at the end of the extended FEC meeting on Tuesday, Mohammed Idris, minister of information and national orientation, said President Bola Tinubu approved the setting up of the committee to accelerate visa processes and acquisitions for foreigners interested in investing in Nigeria.
Idris said the government envisages reducing the approval time for visas to 48 hours, adding that the development will attract more investors and tourists into the country.
“Our visa processes are becoming cumbersome… The ease of doing business is also tied to our visa processes. Going forward, investors and tourists will find it easy to acquire a visa within the next 48 hours. The new visa processing time will now be ready within 48 hours and will eliminate human contacts. The issue is to ensure that the government fast-track the ease of doing business,” the minister said.
