Ogbeni Rauf Aregbesola who is the Minister of Interior has disclosed through his spokesman, Sola Fasure, that the ministry has granted 12,000 foreigners working permit in Nigeria
The Minister stated this in the sixth edition of the Annual Kaduna Economic Investment (KADINVEST). He also pointed out the fact that out of the 14,690 companies the ministry had handled, 126,893 has been granted quota licences from inception to date
“From August 2019 to date, we have registered more than 2,000 companies, while over 12,000 expatriates have been given permits to work in Nigeria,” he stated. “We now handle applications with dispatch and will encourage any firm or organisation with a genuine need for expatriates to bring their applications. We shall accord it the required courtesy.”
The minister also reiterated the fact that Nigeria was still a profitable investment destination, despite security challenges.
”In spite of the challenges we have faced, it might interest us to know that Nigeria is still an investor’s dream where there is abundant raw materials, highly skilled and affordable workforce, and the largest market for goods and services in Africa. The return on investment has always been mouth-watering,” Mr Aregbesola explained in the statement.
“Two and a half centuries down the line, the paradigm of production will be further altered spectacularly with advancement in knowledge altogether,” the interior minister noted. “Economic production in the immediate Industrial Revolution era had been built on the factors of nearness to raw materials and markets, among others.
Therefore, the concept of comparative advantage is said to favour locales, where these factors count higher than others.”