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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NIGERIA, WORLD BANK TO STRENGTHEN BILATERAL TIES- EDUN. (PHOTO).

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 Nigeria, World Bank to strengthen bilateral ties – Edun


The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun says  Nigeria and the World Bank are working toward strengthening mutually beneficial bilateral relations.

Edun said this when he received  the World Bank Managing Director of Operations, Ms. Anna Bjerde, who was on on a two-day visit to Nigeria.

The News Agency of Nigeria (NAN) reports that Bjerde’s visit is in furtherance with the bank’s engagement with Nigeria on critical aspects of the development agenda.

Edun urged more support for the country, while expressing the hope that the multilateral institution would appreciate the country’s reform efforts.

“The World Bank has been part of the progress report and we commend all their efforts,” he said.

Earlier, Bjerde said that she was in Nigeria to further the World Bank’s engagement on critical aspects of the country’s development agenda

She said that the World Bank had  more than 30 projects in Nigeria, adding that her visit would afford her the opportunity to also take stock of the ongoing projects.

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu expressed appreciation to the World Bank for its continuing support for Nigeria.

Bagudu said that President Bola Tinubu’s administration embarked on one of the biggest reforms, adding that the 2024 budget would reduce deficit for the first time in recent years.

He also called for more support from the World Bank.

Also speaking, the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso commended the World Bank for its support to the country over the years.

He said that the World Bank’s support was not only in terms of dollars and cents, but also through the huge knowledge, which would be beneficial to the country.

“We look forward to more collaboration,” Cardoso said.

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