Site icon Africa Global Village

Nigeria’s new visa policy aims to boost trade, attract overseas talent

Nigeria has relaxed its immigration regulations in a new visa policy unveiled by the president, interior minister and other top technocrats at the presidency in Abuja.

The move primarily seeks to attract foreign investors as well as to boost trade in Africa’s biggest economy and most populous nation.

The new directives provide for a visa on arrival for citizens of African Union member countries, while visitors interested in tourism and entertainment should benefit from the new electronic visa.

“This new Visa Policy will advance our goal of building a globally competitive economy, by helping attract Innovation, and specialized skills and knowledge from abroad, to complement locally available ones. We are sending a message to the world that Nigeria is Open for Business,” president Buhari said in a tweet.

The Nigerian government’s decision to relax visa rules comes some six months after the entry into force of the African Continental Free Trade Area.

The government hopes Lagos’ Murtala Muhammed Airport will receive thousands of visitors in the coming months.

However, its border with neighbouring countries including Benin has remained closed since 19 August 2019. There is no definitive date for reopening with Abuja justifying the closure with claims that it was to arrest smuggling in and out of the country.

Major points from NVP 2020

Exit mobile version