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 COMMITTED TO BECOME GLOBAL COCOA PROCESSOR, SAYS FG. (PHOTO)

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 Nigeria committed to become global cocoa processor, says FG


Vice President Kashim Shettima has affirmed Nigeria’s commitment to reviving its cocoa industry and the broader agricultural value chain to become a major global processor rather than just a producer of cocoa. He stated this during a meeting with the President of the World Cocoa Foundation (WCF), Chris Vincent, in Abuja.


Shettima mentioned the recent approval for the establishment of a National Cocoa Management Board as evidence of the government’s dedication. The WCF aims to partner with Nigeria to revitalise Nigeria’s cocoa sector in line with the European Union’s sustainability regulations. He also emphasised Nigeria’s available manpower and the eagerness of its young population to participate in the agricultural sector.


“We don’t want to be producers of cocoa; we want to be processors of cocoa because a tonne of cocoa will fetch you $9,000 now, but processed cocoa will get you $30,000. If you turn them into chocolate bars, that might fetch you $50,000. “So, we have the manpower, the average age of the nation is 17. We have very virile young men who are willing to work if they have the opportunity. So, I’m speaking from the heart,” he maintained.


The Vice President pledged Nigeria’s readiness to work with the World Cocoa Foundation. He said he would personally engage Governor Agbu Kefas of Taraba State to secure the 10,000 hectares in the Kurmi Local Government Area of the state for the WCF and other partners to expand their investments in the nation’s cocoa industry. Underscoring the Nigerian leadership’s commitment to be actively involved in the process, he said, “I want to walk the talk. It is not even about the profit criteria; no. It’s about the social welfare criteria — employing people.


“Look, let me take you to my farm and you’ll be convinced that the new Nigerian leadership is actively involved and is itching to drive the process.”

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