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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POWER MINISTER TO SUBMIT DRAFT ELECTRICITY POLICY TO FEC. (PHOTO).

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 Power Minister To Submit Draft Electricity Policy To FEC 


The Minister of Power, Adebayo Adelabu, has received a draft copy of the National Integrated Electricity Policy and Strategic Implementation Plan expected to drive the positive change needed to transform Nigeria’s electricity sector.


Adelabu, who received the document on Wednesday in Abuja, said the draft policy document would be presented to the Federal Executive Council (FEC) in six weeks.


Some industry experts and key stakeholders in the power sector put together the National Integrated Electricity Policy and Strategic Implementation Plan, a policy document that is targeted at addressing challenges in the sector.


The policy document outlines interventions across the entire power value chain from generation and transmission to distribution and off-grid segments.


The power minister said this was part of measures aimed at improving equitable access to electricity for all Nigerians particularly those in underserved communities, creating an enabling environment for investment to thrive and integrating renewable energy sources.


The power sector in Nigeria has been plagued with hydra-headed issues that has bogged the electricity generation and affected Nigeria’s industrialisation.


Adelabu had said the government has been working on ramping up power generation from about 4,000 megawatts to 6,000 megawatts in the next six months. He said 25% of Nigeria’s power generation is from hydroelectric power while the remaining 75% is from gas plants.


On April 3, 2024, NERC raised electricity tariff for customers enjoying 20 hours power supply daily. Customers in this category are said to be under the Band A classification.


Since the increase, customers now pay N225 kilowatt per hour from the previous N66, a development that has been heavily criticised by many Nigerians, considering the immediacy of the tariff hike and the current hardship in the land.

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