Delayed BRISIN project impacting foreign investment
The delay by the Federal Government in implementing the Basic Registry and Information System in Nigeria (BRISIN) is holding back foreign investors and the European Union in confirming their participation in the scheme.
The head of the BRISIN International team from Italy, Prof. Vincenzo Naso, at a stakeholders meeting in Abuja, told the Binister of Budget and National Planning, Senator Udo Udoma, that the failure to expedite action on the project had denied Nigeria the benefit of efficient planning and rapid economic development.
A statement issued by Mr. Tajudeen Kareem, the national coordinator, BRISIN said Prof. Naso and his team were in Nigeria for the flag- off of the project which had been on the drawing board since 2007 when an agreement was signed with Dermo Impex, the solution providers.
“Delaying this project has caused Nigeria some reasonable setback in credibility and proper economic planning. It has negatively affected internally generated revenue, fiscal policy and management, security control and migration monitor as well as provision of social welfare services”, Prof. Naso told