The federal government has initiated a comprehensive review of visa application processes for foreign nationals seeking to do business in Nigeria. The review also extends to business permits and border control measures at air, sea, and land entry points, aiming to create a more conducive environment for foreign investors.
Minister of Interior Dr. Olubunmi Tunji-Ojo disclosed this in Lagos after a closed-door meeting with the Nigeria Employers’ Consultative Association (NECA). The discussions focused on reforms related to the Expatriate Residence Permit and Aliens Card (CERPAC), expatriate quotas, and business permits, among other critical issues affecting foreign investment and national security.
Tunji-Ojo explained that the review process seeks to balance Nigeria’s economic interests with the need to regulate foreign business activities effectively. “The goal is to streamline processes in a way that attracts investors while ensuring national interests are safeguarded,” he stated.
A committee has been set up to refine discussions and implement necessary adjustments. The minister stressed that reforms would not be implemented in a manner that discourages investment but rather in a way that fosters business growth while maintaining regulatory oversight.
As part of the government’s commitment to continuous engagement with stakeholders, it was agreed that the discussions will not be a one-off event but will be held twice a year. These meetings will serve as a platform to review progress, address emerging concerns, and ensure that Nigeria remains an attractive destination for business and investment.
The initiative aligns with broader economic policies aimed at improving Nigeria’s ease of doing business ranking and strengthening investor confidence. By reviewing visa policies, business permits, and border control measures, the government hopes to enhance efficiency in business operations while upholding national security and economic priorities.
