The Federal Executive Council (FEC) after a long meeting presided over by President Bola Tinubu on Tuesday rolled out 21 major policy initiatives.
Tinubu’s Special Adviser on Media and Publicity, Bayo Onanuga, in a post on his X handle, outlined the initiatives as a 48-hour visa policy, cancelling of airport toll payment exemption for very important persons and ban on sand dredging 10 kilometres from all federal bridges throughout the country among others.
The FEC meeting, which started on Monday and was concluded on Tuesday has been described by experts as unprecedented in the history of the council.
After the deliberations, the council approved several policies and projects that would enhance the economy, facilitate investments and promote the ease of doing business in the country.
Speaking to State House correspondents on Tuesday after the FEC meeting at Aso Rock Villa, Abuja, the Minister of Information and National Orientation, Mohammed Idris, said the Federal Government was reviewing its visa regime to help persons who wish to invest in Nigeria to obtain a visa within 48 hours.
Idris noted that the visa policy was one of the several resolutions of FEC, adding that it was aimed at encouraging investors and tourists.
Idris said: “Now, the Federal Executive Council has noted that our visa processes are becoming cumbersome and this is not encouraging investors to come in easily because, as the President has indicated, the ease of doing business is also tied to the ease of visa application.
“Therefore, the FEC has set up a committee to look at our visa processes to reduce the cumbersome nature of these visa processes, meaning that those investors or tourists who want to come into Nigeria will find it a lot easier to go into this country provided they follow all the laid down processes.