Aregbesola says FG to grant 12,000 expatriates’ quota in 24 months,

Aregbesola says FG to grant 12,000 expatriates’ quota in 24 months,

The Federal Government has granted 12,000 expatriate quota licences to foreigners seeking to work in Nigeria, while treating 2,000 applications from companies, according to Aregbesola.

Sola Fasure, the Media Adviser to the Minister of Interior, Rauf Aregbesola, disclosed this in a statement on Friday, September 24, in Abuja.

According to Fasure, the minister stated this on the second day of the 6th edition of the Annual Kaduna Economic Investment, (KADINVEST), in Kaduna.

Aregbesola noted that from inception to date, the ministry had handled 14,690 companies and granted 126,893 quota licences to expatriates.

“From August 2019 till date, we have registered more than 2,000 companies, while over 12,000 expatriates have been given permits to work in Nigeria.

“We now handle applications with dispatch and will encourage any firm or organisation with genuine need for expatriates to bring their applications. We shall accord it the required courtesy”, he said.

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The minister also reiterated the fact that Nigeria was still a good and profitable investment destination; in spite of its many 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”, Aregbesola said.

He commended the Kaduna state government, the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Economic Summit Group (NESG); for organising the summit as well as choosing the theme, ‘Towards a sustainable knowledge-based economy’.

Aregbesola said that the theme was a most fitting concept of the moment; especially given the paradigm shift from comparative advantage to competitiveness; knowledge and innovation would continue to drive businesses in the foreseeable future.

He, therefore, urged Nigerian entrepreneurs; to invest in knowledge, innovation and cutting edge technologies for a better Nigeria.

“Looking at the history of economic development; we can see that there is a quantum leap in economic production; at the onset of the Industrial Revolution circa 1760 in England, compared to what obtained in the feudal era.

“The introduction of machines and factory systems that enabled mass production of goods; unleashed economic prosperity on the industrialised nations.

“Such that in a period of 50 years, it had created a yawning gap between them; and the societies still trapped in feudal productions.

“Two and a half centuries down the line, the paradigm of production will be further altered spectacularly; with advancement in knowledge altogether.”

 

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