ECONOMY: FG makes important decision on foreign investors
– Nigeria’s vice president Yemi Osinbajo has said that the federal government is considering the option of issuing visa on arrival to foreign investors
– Osinbajo said this would help remove many perceived bureaucratic bottlenecks that had clogged the business climate in Nigeria
– He also said the visa on arrival is one that is already in regulation but it usually involves you applying ahead
Professor Yemi Osinbajo, Nigerian’s vice president
Nigeria’s vice President Yemi Osinbajo has said that the federal government is considering the option of issuing visa on arrival to foreign investors and other business men from outside the country.
Osinbajo who spoke at the public presentation and first annual lecture of `The Interview’ magazine to mark it’s first anniversary in Abuja said, this would help remove many perceived bureaucratic bottlenecks that had clogged the business climate in Nigeria, Vanguard reports.
Speaking on the theme of the event: “Why start-ups fail and strategies to save them’’, the vice president said: “The business of the government is to provide the right environment for start-ups.
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“The problem in most cases and which we have experienced in Nigeria is that our approval processes are needlessly difficult. Bureaucracy generally gets caught in seeing the process as an end in itself not as a means to an end.
“The visa on arrival is one that is already in the regulations but that usually involves your applying ahead. But the kind of visa on arrival that we think will free up the process is one which you are able to arrive here and get your visa on arrival as you make your application here.’’
Meanwhile, Super Priority Visa Service has been launched for Nigerians who need urgent service to travel. The introduction of the visa service in Nigeria will give customers the option to apply, receive a decision and collect their documents within 24 hours.
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