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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1 MILLION HOUSEHOLDS HAVE BENEFITED FROM FG'S CASH TRANSFER SCHEME- WALE EDUN. (PHOTO).

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 1 million households have benefited from FG’s Cash Transfer Scheme – Wale Edun


The Minister of Finance, Wale Edun, has announced that approximately 1 million households have benefited from the federal government’s cash transfer programme since its relaunch. 


Edun disclosed this information during a World Press Conference on Wednesday in Abuja. 


He noted that around 300,000 payments were made in the past week, with about 5 million individuals benefiting from the scheme to date. 


“There are times when what is planned and the timetable that is planned sometimes slip, but the answer is not to now throw out the effort. The answer is not to stop. The answer is to keep going and trying.  


“That was the case with the direct payment for 15 million households covering 75 million people. At first, it didn’t quite go according to plan so there was a pause and now under a much better and technologically strong configuration, payments to individuals have started going out again.  


“Since it was restarted, one million households covering 5 million people, have received the benefits and in the last week alone, 300,000 payments went out,” Edun said.  


In addition, the Minister mentioned the scaling up of payments through technologically aided processes under the new disbursement system. 


“So under the new system, we can expect a scaling up of the payment that Mr. President committed to giving to the poorest and the most vulnerable to help them,” Edun said.

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