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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PRESIDENT TINUBU CONGRATULATES ALIKO DANGOTE ON WORLD BANK APPOINTMENT. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS STATEMENT


PRESIDENT TINUBU CONGRATULATES ALIKO DANGOTE ON WORLD BANK APPOINTMENT


President Bola Tinubu congratulates Alhaji Aliko Dangote, the President of Dangote Group, on his appointment to the World Bank's Private Sector Investment Lab, a body tasked with promoting investment and job creation in emerging economies.


The President describes the appointment as apt, given Dangote's rich private sector experience, strategic investments, and many employment opportunities created through his Dangote Group.


The Dangote Group became one of Africa's leading conglomerates through innovation and continuous investment.


Dangote Group's business interests span cement, fertiliser, salt, sugar, oil, and gas. However, the $20 billion Dangote Petroleum Refinery and Petrochemicals remains Africa's most daring project and most significant single private investment.


President Tinubu urges Dangote to bring to bear on the World Bank appointment his transformative ideas and initiatives to impact the emerging markets across the world fully.


The World Bank announced Dangote's appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab. The lab now enters a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world.


The CEO of Bayer AG, Bill Anderson, the Chair of Bharti Enterprises, Sunil Bharti Mittal, and the President and CEO of Hyatt Hotels Corporation, Mark Hoplamazian, are on the Private Sector Investment Lab with Dangote.


The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies, supporting the Bank's focus on job creation as a central pillar of global development.


Bayo Onanuga,


Special Adviser to the President

(Information & Strategy)

April 29, 2025

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