Tinubu’s Policy Agenda: 21 Significant Initiatives Revealed Post Marathon FEC Meeting.
The Federal Executive Council, under the leadership of President Bola Tinubu, has announced 21 major policy initiatives after an extensive meeting. Among these initiatives are the implementation of a 48-hour visa policy to facilitate investment and tourism, the cancellation of airport toll payment exemptions for VIPs, and a ban on sand dredging within 10 kilometers of federal bridges nationwide. The meeting, which commenced on Monday and concluded on Tuesday, is hailed as unprecedented in the history of the council.
One of the significant resolutions is the review of Nigeria’s visa regime to simplify the process for investors and tourists. The aim is to enhance the ease of doing business in the country. Additionally, the Federal Government is exploring the possibility of processing all visa applications within 48 hours, streamlining the e-visa platform as part of efforts to modernize and streamline Nigeria’s visa system.
Furthermore, the government has approved the collection of airport access tolls to generate an estimated N10 billion annually. This decision seeks to address revenue losses and ensure the maintenance and improvement of airport infrastructure. Additionally, toll exemptions for VIPs and government officials using airports nationwide have been scrapped, including President Tinubu and Vice President Kashim Shettima, who will now pay airport access tolls and parking fees.
In addressing challenges in the power sector, the government has approved approximately N72 billion for the construction of a new transmission line and emergency restoration systems to expedite repairs of vandalized power infrastructure. This initiative aims to enhance the stability and capacity of the national grid.
Moreover, plans are underway to tap into local funds, such as pension and life insurance, to develop infrastructure, including housing projects with long-term mortgages. With over N20 trillion available in such funds, the government aims to address housing shortages and provide affordable mortgages to Nigerians.
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