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FG Approves New Visa Regime for Investors, As Minister of Power Assures Labour demand will be addressed

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The Federal Executive Council, (FEC), has approved the establishment of a tripartite committee to streamline visa processes and acquisition for investors interested in investing in Nigeria.

This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, whole brifing State House correspondents after the FEC meeting held at the Presidential Villa, Abuja.

This move according to the Minister is aimed to reduce the bottlenecks involved in visa processes and promote the ease of doing business in the country.

Idris further assured that going forward, investors and tourists would find it easy to acquire a visa within forty-eight hours.

He said the process will include background security checks of applicants within 48 hours.

The Minister also informed that the policy will take effect within the next one month after necessary plans and processes have been concluded.

Meanwhile, the Minister of Power, Bayo Adelabu has asked Organized Labour to avoid detailing the current power sector reforms of the federal government.
Adelabu made the request, following Monday’s picketing of electricity companies by the Nigerian Labour Congress and Trade Union Congress.

The Minister said government has noted labour’s demand and will address it in due course.

He said part of the approvals granted by FEC, will help strengthen and expand weak power Infrastructure and the national grid.

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