UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).

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 U.S Finalizes $20,000 Visa Bond Policy Affecting Nigeria and 49 Other Nations The United States government has officially formalized its visa bond policy, making it a permanent measure that could require travelers from 50 designated countries, including Nigeria, to pay a refundable bond of up to $20,000 before receiving certain visas. First introduced as a pilot scheme in 2025, the policy targets applicants seeking B1 and B2 visas, which are designated for business and tourism. According to the U.S. Department of State, the initiative is designed to bolster compliance with local immigration laws and drastically reduce visa overstay rates. How the Visa Bond Policy Works Under the permanent guidelines, U.S. consular officers have the discretion to instruct eligible applicants to post a bond as a prerequisite for visa issuance. However, U.S. authorities have clarified that the financial requirement will not be applied automatically to every traveler from the listed nations. Data anal...
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SUBSIDY: OIL MARKETERS TO DONATE 100 BUSES.(PHOTO).

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Subsidy: Oil Marketers To Donate 100 Buses

Major oil marketers are to donate about 100 50-seater buses, worth N10 billion, to support the government’s subsidy removal intervention.

The marketers made this known in Abuja after a closed-door meeting with President Bola Tinubu.

At a news briefing, Chairperson of the delegation, Dame Winifred Akpani, expressed the unflinching support of the marketers to fuel subsidy removal, arguing that it was long-over-due.

She observed that the move, although painful and stressful, would unleash the potential of Nigeria, engender free-market economy, entice foreign investors, ensure security as well as create jobs and wealth.

She also voiced the hope that other organisations would emulate their gesture to urgently cushion the effect of the subsidy withdrawal on the masses.

Dame Akpani urged Nigerians to be patient and understand the essence of the subsidy removal, as the government had geared up efforts to ameliorate the situation created by the policy.

In the alternative, she explained that the policy of reversion of petrol vehicles to consume Natural Compressed Gas (CNG) would be implemented to reduce the cost of living.

The delegation was led to the President by Governor Dapo Abiodun of Ogun State.



 

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