The new Nigeria Visa Policy (NVP) 2020 has been officially launched by President Muhammadu Buhari with the aim of increasing local capacity by maximising foreign skills and expertise.
This commissioning came just after the signing of the African Continental Free Trade Agreement (ACFTA), a treaty whose objective is to increase trade and give MTO accessibility among its major economic powers by establishing a continental market place.
The NVP 2020 was born out of the need to strengthen Nigeria's position as a key economy in Africa, drawing in more foreign investment in order to be able to create more job opportunities for the citizens. This in sync with President Muhammadu Buhari's vision of alleviating 100 million Nigerians out of poverty in the next 10 years.
President Muhammadu Buhari, in his speech at the event, said that this new policy will boost tourism, and build a more encouraging business environment.
He said, "The Nigeria Visa Policy 2020 is intended to attract innovation, specialised skills and knowledge from abroad to complement locally available ones. I therefore commend the document to the international community, foreign and local business entities. We are open for business.’’
Meanwhile, the Lagos Chamber of Commerce and Industry (LCCI) remarked on the new policy launch saying that this would help economic integration.
Also, the Director-General of the Chambers, Muda Yusuf, added that this new development would help trade and investment and that the bodies involved should create a strategy so that the policy will not plunge the country into further security risk.