By NKIRUKA NNOROM

The Federal Government will as part of its plans to open up the Nigerian business space for more investments ensure that serious investors who intend to register their businesses in the country do so within 24 hours, says the Minister of Trade and Investment, Dr. Olusegun Aganga.

Aganga spoke recently at the ground breaking ceremony to flag off construction of Procter&Gamble’s multi-billion state-of-art baby care manufacturing plant in Ogun State.

Aganga, who represented President GoodLuck Jonathan at the event, said it was part of federal government’s initiative of industrialising the nation, and making her the hub of investment in Africa.

He affirmed that its plan to grant 10 year automatic Visa to intending foreign investors on entry to Nigeria was still subsisting.

He said, “The government now have industrialisation plan. We have also established competitiveness committee to help us in this regard. We have embarked on national tax reform which has culminated in national tax policy and we will also make it easy for businesses to be registered in 24 hours. For serious investors, we will also have Visa application processing in 24 hours.”

He stated that key sectors of the economy, especially where the country has competitive advantage have successfully been opened up for participation by interested individuals, saying that the government is investing heavily in education, health, and other areas.

He said the federal government would concentrate on using available resources to develop the country instead of encouraging exportation of manpower through continuing exportation of raw materials.