Minister of Information and National Orientation, Muhammad Idris, who disclosed this while briefing journalists at the State House, Abuja, explained that the approval is aimed at easing processes for foreign investors.
He said, “The visa process is becoming cumbersome which is not encouraging investors and the ease of doing business in Nigeria. “The Minister of Interior is working with the Minister of finance and other stakeholders to ensure that the visa process is done quickly and done with as soon as possible”, he said.
He said the project aims to address the current underutilization of Nigeria’s eight submarine cables, which are only being used to about 10%, adding that the deployment of additional fiber optic cables is expected to improve internet quality and reduce prices by about 60%.
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