Economy

FG Generates N39bn From Passport Issuance, Others in 12 Months

  • FG Generates N39bn From Passport Issuance, Others in 12 Months

The Nigeria Immigration Services generated a total of N39.06bn through issuance of passports and other services within the 2018 fiscal period, the National Bureau of Statistics has said.

The figure was contained in a report on the activities of the agency which was released by the NBS on Friday.

The NBS said the amount generated by the NIS in 2018 represented an increase of 9.34 per cent over the N35.72bn local revenue generated in 2017.

In terms of passport application, the report stated that a total of 1,011,158 passport applications were received in 2018 as against 720,958 in 2017.

This, according to the report, represents an increase of about 40.25 per cent when compared to the 2017 application figure.

It explained that 173,461 out of the 2018 application figure of 1,011,158 were minor, 779,905 were adults, while the remaining 57,792 were senior citizens.

The report reads in part, “The immigration statistics for 2018 reflected that a total of 1,011,158 passport applications were received in 2018 as against 720,958 received in 2017.

“This represents about 40.25 per cent positive growth; 173,461 of the 2018 figure are minors, 779,905 are adults and the remaining 57,792 are senior citizens.”

The report said a total of 185,657 passports were issued at the foreign missions in 2018 as against 152,163 issued in 2017 while the number of visa issuance at the foreign missions was put at 120,697.

In terms of international travellers, the NBS report said about 4,529,153 international trips were recorded across all Nigeria’s borders in 2018 as against 3,715,268 in 2017.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Dollar to Naira Black Market Exchange Rate Today, 22nd January 2025

The dollar to naira exchange rate continues to be a focal point in Nigeria's financial…

8 hours ago

Pounds to Naira Black Market Exchange Rate Today, 22nd January 2025

The pounds to naira exchange rate continues to be a critical topic in Nigeria’s financial…

8 hours ago

MTN Nigeria Secures NCC Approval to Renew and Harmonise 800MHz Spectrum Licences

MTN Nigeria Communications PLC has received approval from the Nigerian Communications Commission (NCC) to renew…

13 hours ago

CAC Strengthens Compliance and Enforcement Responsibilities, Targets Business Formalization

The Corporate Affairs Commission (CAC) has outlined plans to enhance its compliance and enforcement responsibilities,…

14 hours ago

Nigeria Could Generate Over $2 Billion from Carbon Market by 2030 – UNN

The University of Nigeria, Nsukka (UNN), has projected that Nigeria could earn over $2 billion…

14 hours ago

Trump Restricts Citizenship Rights for Babies of Undocumented Parents

President Donald Trump has signed an executive order titled “Protecting the Meaning and Value of…

19 hours ago