RMAFC and Interior Ministry Forge Strategic Alliance to Drive Foreign Direct Investment and Sectoral Growth

RMAFC and Nigeria’s Ministry of Interior collaborate to simplify investor visas and host a major energy summit to drive foreign direct investment in 2026.

By: AXL Media

Published: Apr 20, 2026, 4:59 AM EDT

Source: Information for this report was sourced from The Nation

Inter-Agency Synergy for Economic Expansion

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has formalised a collaborative framework with the Federal Ministry of Interior aimed at enhancing Nigeria’s appeal to foreign investors. During a strategic meeting in Abuja, RMAFC Chairman Dr. Mohammed Bello Shehu emphasized that aligning fiscal monitoring with migration management is essential for strengthening the country’s economic base. The partnership is designed to ensure that the entry processes for high-value investors are as seamless as the oversight of the revenues they generate for the Federation Account.

Oil and Gas Summit as a Catalyst for Inflow

A primary component of this new cooperation is the announcement of a major upcoming oil and gas summit hosted by the RMAFC. The event is designed to draw significant investment into both the upstream and downstream segments of the energy sector. Dr. Shehu noted that the commission’s constitutional role in monitoring funds paid into the Federation Account makes it a critical stakeholder in ensuring that new investments are properly accounted for and distributed according to the law. The summit is expected to serve as a platform for showcasing the fiscal transparency reforms currently taking root in the industry.

Migration Policy as an Economic Enabler

Minister of Interior Dr. Olubunmi Tunji-Ojo highlighted that the ministry has intentionally repositioned migration management as a tool for business enablement. Through the digitisation of key administrative processes and the simplification of visa procedures, the ministry has reduced the "bottlenecks" that previously discouraged international capital. Tunji-Ojo asserted that while citizenship remains strictly governed by the Constitution, the ministry has established clear legal pathways for foreign investors to obtain residency, allowing them to remain in Nigeria for extended periods to oversee their economic interests.