The Federal Government has set up an inter-ministerial committee, comprising ministries of Interior, Foreign Affairs and Trade and Investment to immediately address all challenges inhibiting foreign investment in Nigeria.

The Minister of Interior, retired Lt.-Gen Abdulrahman Dambazau, disclosed this on Friday in Abuja, at a meeting with the Minister of Foreign Affairs, Mr Geoffrey Onyeama and his Trade and Investment counterpart, Dr Okechukwu Enelamah.

Dambazau said that the inter-ministerial committee would help iron out all the grey areas in the ‘ease of doing business in Nigeria.’

“This inter-ministerial committee is to help coordinate and find a lasting solution to all the challenges to the `ease of doing business in Nigeria.’

“We have a lot to do in the areas of security, visa, passport and creating the enabling environment for both foreign and local investors to invest in Nigeria,’’ he said.

He said that a technical committee involving the three ministries would also be set up to look into the challenges and fashion out a pragmatic solution to the issues.

Minister of Foreign Affairs, Geoffery Onyeama said that the ministry was working round the clock to reposition its foreign missions in order to enhance service delivery.

He said that the ministry was working closely with the Nigeria Immigration Service and relevant agencies to ensure high quality service, in line with international best practice.

Minister of Industry, Trade and Investment, Okechukwu Enelamah in his remarks, said that the Federal Government had set up a presidential business environment council, to address the challenges of doing business in Nigeria.

He stressed the need for proper coordination and synergy among the relevant ministries in order to address most of the challenges of doing business in Nigeria.

He said that most of the challenges had been identified and the inter-ministerial committee is working on a robust frame work to address the challenges.

The News Agency of Nigeria (NAN), reports that Nigeria is currently ranked 169 in the ease of doing business index, with the Federal Government targeting to climb to 100 position.


August 12th 2016