RMAFC Pushes Single-Window Investment System to Accelerate Economic Growth
Oru Leonard
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has called for the adoption of a single-window investment system to fast-track business processes and strengthen Nigeria’s economic competitiveness.
The call was made during a courtesy visit by a delegation of the Commission, led by Chairman of its Investment Monitoring Committee, Hon. Enefe Ekene, to the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, in Abuja.
Speaking during the meeting, Ekene stressed that Nigeria must urgently modernise its investment procedures to align with global standards, noting that prolonged timelines for company registration and investor onboarding are no longer sustainable in a fast-moving global economy.
He said the Commission’s monitoring activities revealed critical delays and bureaucratic hurdles that discourage both local and foreign investors, many of whom prefer jurisdictions with faster and more predictable systems.
According to him, countries that have embraced seamless, one-stop investment platforms are attracting significantly higher inflows, while Nigeria risks missing out on key opportunities if reforms are not accelerated.
Ekene also highlighted the Commission’s expanding role, noting that beyond revenue allocation, RMAFC is increasingly focused on supporting policies that can grow national earnings through enhanced investment inflows.
Responding, the Minister acknowledged existing gaps in the investment ecosystem but pointed to ongoing reforms aimed at improving coordination among government agencies and enhancing service delivery.
She noted that efforts are underway to strengthen collaboration with institutions such as the Corporate Affairs Commission to ensure faster and more efficient business registration processes.
While recognising progress made so far, the Minister emphasised that more work remains to deepen reforms, improve transparency, and deliver better outcomes for investors.
She reaffirmed the Ministry’s commitment to working closely with RMAFC and other stakeholders to improve Nigeria’s ease of doing business and attract sustainable investments.
Other members of the delegation also contributed to the discussion, underscoring the need to support domestic investors, clarify operational frameworks for Export Free Zones, and improve inter-agency coordination.
The engagement underscores growing efforts by government institutions to remove structural barriers to investment, enhance investor confidence, and boost revenue generation through a more efficient and business-friendly environment.
Cover Photo Caption, 5th L: Hon. Enefe Ekene, Chairman, Investment Monitoring Committee and Federal Commissioner, Anambra State; 4th L: Hon. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, with other RMAFC members who paid a courtesy visit to the Minister at her Office in Abuja.
