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Canada Welcomes 10,180 New Immigrants from Nigeria, Africa’s Largest Economy, in First Half of 2023



Justin Trudeau

Canada has warmly embraced a total of 10,180 new immigrants from Nigeria, the continent’s leading economy, during the initial six months of 2023.

The latest data provided by Immigration, Refugees and Citizenship Canada (IRCC) illustrates that the nation registered an increase of 0.74 percent in Permanent Residents (PRs) from Nigeria in the first half of this year compared to 2022, when the number stood at 10,105.

Throughout the years, Canada has actively pursued an open-door policy towards immigration, primarily driven by its demand for skilled workers.

Toyyib Adelodun, a prominent immigration consultant based in the UK, stated, “Canada’s welcoming attitude towards immigrants is underscored by its need to address skill shortages.”

Unlike the United Kingdom, where entry might be comparatively easier but the journey to citizenship is extended, Canada’s approach is distinct. Adelodun further explained that “Even during the processing of your PR application, you have the flexibility to visit Canada.”

A Permanent Resident status in Canada grants non-Canadian citizens the right to reside and work in the country indefinitely. It is an immigration visa that affords access to numerous social and healthcare benefits akin to those enjoyed by Canadian citizens, along with protection under Canadian law.

The IRCC data also reveals that among the total influx of 263,180 new immigrants, Nigeria, Africa’s most populous nation, secured the fourth position, trailing behind the Philippines (14,450), China (18,760), and India (84,425). The subsequent countries on the list are Afghanistan (7,670), the United States (6,675), Pakistan (6,355), Eritrea (5,910), France (5,750), and Iran (4,840).

With a dwindling aging population and a declining birth rate, Canada has been confronting a contraction in its labor force. To counter this challenge, the country has intensified its efforts to attract youthful and dynamic immigrants by implementing immigration-friendly policies.

In an ambitious move, the Canadian federal government declared its goal of admitting 500,000 immigrants annually by 2025, anticipating a cumulative inflow of nearly 1.5 million new immigrants within the next three years. Notably, in 2022, Canada welcomed 437,120 Permanent Residents, marking an approximately eight percent surge compared to the preceding year.

In addition to Permanent Residents, Canada has also been a favored destination for international students. Among the top source countries for these students, India (175,021), Nigeria (43,482), the Philippines (21,902), China (14,975), and Nepal (12,776) stand out, as indicated by the IRCC’s data.

In a series of developments this year, Canada introduced measures aimed at simplifying the process for the families of recent immigrants to relocate to the country. This announcement closely followed the UK’s decision to impose restrictions on foreign students bringing their families to the UK starting next year. In the same month, Canada unveiled a new category-based selection approach for its express entry system, designed to address labor shortages and bolster the economy.

While higher education and work opportunities are the primary driving factors for permanent emigration, Nigeria’s current socio-economic challenges, including high inflation, unemployment, and fragile economic growth, have compelled its citizens to seek better prospects abroad.

In line with data from the National Bureau of Statistics, Nigeria’s inflation rate surged to nearly 18-month highs at 24.08 percent in July 2023, accompanied by a record unemployment rate of 33.3 percent as of 2020, which has contributed to heightened insecurity within the nation. Last year, the NBS reported that 133 million Nigerians were living in multidimensional poverty, a notable increase from the 82.9 million individuals classified as poor in 2019 according to national standards.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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High Altitude, Higher Prices: Domestic Airfares Jump 150%



Arik Airplane - Investors King

Nigerian air travelers are reeling from a dramatic increase in domestic airfares with prices skyrocketing by 150% over the past year.

This surge has forced many passengers to reconsider their travel options, opting for road transport despite the risks involved.

Passengers like Dare Adepoju, who frequently commutes between Lagos and Abuja for business and family visits, have expressed frustration.

“It’s unsustainable,” he lamented. “With flights nearing N200,000 for just an hour, I’m exhausted.”

Social media is abuzz with similar sentiments. Akinloa Adejuwon tweeted about the tough choice between costly flights and unsafe roads, highlighting the dire situation many Nigerians face.

The fare increase is attributed to a limited number of operational aircraft. Airline Operators of Nigeria revealed that many planes are grounded due to maintenance needs and lack of access to foreign exchange for repairs.

The current situation sees airlines like Ibom Air and Air Peace charging up to N238,000 for a one-way ticket between major cities.

This price jump, from about N51,000 last year, reflects the severe challenges the industry faces.

Capt. Roland Iyayi, a senior member of the Airline Operators of Nigeria, pointed to the shortage of aircraft as a primary cause.

“Making forex available to airlines is crucial for resolving this crisis,” he stated.

As the industry grapples with these challenges, passengers continue to hope for relief. The aviation sector’s future hinges on addressing these issues, ensuring safe and affordable travel for all Nigerians.

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UAE Lifts Visa Ban on Nigerians, Introduces N640,000 Non-Refundable Application Fee




The United Arab Emirates (UAE) has officially lifted the visa ban imposed on Nigerian passport holders, effective July 15.

However, this positive move comes with a substantial caveat—a new non-refundable visa application fee of N640,000.

The announcement, made following bilateral discussions between Nigerian and UAE authorities, ends a prolonged period of restricted travel between the two nations due to diplomatic disputes and financial issues.

New Visa Regulations

Under the new guidelines set forth by the UAE government, Nigerian passport holders seeking to travel to the Emirates must adhere to several stringent requirements:

  1. Application Fee: Applicants are required to pay a non-refundable fee of N640,000 for visa processing. This fee represents a significant increase compared to the previous $100 fee before the ban.
  2. Document Verification Number (DVN): Before applying for a visa, applicants must obtain a Document Verification Number (DVN). This number is valid for only 14 days from issuance or until the visa application is processed, whichever comes first.
  3. Application Process: The application process for UAE visas remains stringent, emphasizing the importance of meeting all specified criteria to enhance the chances of approval.

Public Reaction and Outcry

The introduction of the N640,000 visa application fee has sparked widespread criticism and public outcry among Nigerians, particularly on social media platforms. Many have expressed their discontent, labeling the new fee as exorbitant and financially burdensome, especially in light of economic challenges facing the country.

Social media users have taken to various platforms to voice their concerns:

  • @firstladyship: “It is obvious the UAE don’t want Nigerians. They reluctantly unbanned the Nigerian passport, but slammed a hefty N640,000 on Nigerians. Guess what? The money is nonrefundable & has expiration date. This is see finish.”
  • @Peco3D: “This is just extortion in fine words. Shameless.”
  • @Comr_lucky1: “This is exploitation and shameful if allowed by Nigeria government.”

Government Response

Mohammed Idris, Minister of Information and National Orientation, announced the lifting of the visa ban and emphasized that Nigerian passport holders are now eligible to apply for visas to the UAE.

The government has acknowledged the concerns raised by citizens and assured them of continued engagement to address the issue.


The UAE had imposed the visa ban on Nigeria approximately two years ago amid diplomatic tensions and financial disputes.

Efforts to resolve these issues included discussions and negotiations between the Nigerian and UAE governments, leading to the recent breakthrough in visa restrictions.

Despite the imposition of the N640,000 visa fee, the lifting of the ban represents a step forward in diplomatic relations between Nigeria and the UAE, potentially paving the way for enhanced bilateral cooperation and economic ties.

As Nigerian travelers navigate these new visa regulations, reactions continue to pour in, reflecting the broader impact of international relations on individual mobility and economic opportunities.

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Nigeria and UAE Reach Agreement on Visa Access for Nigerians



Nigerian International passport- Investors King

The Nigerian Federal Government announced on Monday that it has reached an agreement with the United Arab Emirates (UAE) to facilitate visa access for Nigerian citizens.

This announcement came following the weekly Federal Executive Council (FEC) meeting, presided over by President Bola Tinubu.

Mohammed Idris, Minister of Information and National Orientation, made the announcement while briefing journalists after the FEC meeting.

He highlighted the importance of this agreement in strengthening the bilateral relationship between Nigeria and the UAE, and in fostering greater economic and cultural exchange.

“After extensive negotiations, we are pleased to announce that an agreement has been reached with the UAE that will enable Nigerians to access UAE visas,” Idris stated.

“This development is a testament to the commitment of President Tinubu’s administration to improving the mobility and opportunities for Nigerian citizens globally.”

The agreement is expected to streamline the visa application process, making it easier for Nigerians to travel to the UAE for business, tourism, and other purposes. This move comes as a relief to many Nigerians who have faced difficulties in obtaining UAE visas in recent times.

In addition to the visa agreement, the FEC also directed the Ministry of Budget to propose amendments to the 2024 budget.

This directive aims to address emerging fiscal challenges and align the budget with current economic realities.

Idris further announced that President Tinubu will meet with labor leaders on Thursday to finalize discussions on the new minimum wage.

This meeting is part of ongoing efforts to ensure fair wages for Nigerian workers without triggering inflationary pressures.

“The President is committed to delivering a minimum wage that is both fair and sustainable. After thorough consultations, the proposed figures will be submitted to the National Assembly,” Idris explained.

The FEC’s deliberations on the wage increase focused on balancing the need for higher wages with the potential impact on the economy.

“We are determined to provide wages that improve the standard of living for Nigerians while maintaining economic stability,” Idris added.

This week’s FEC meeting also discussed various national issues, including infrastructure development, security, and public service reforms.

The council reiterated its commitment to pursuing policies that promote growth and improve the welfare of all Nigerians.

The agreement with the UAE and the forthcoming minimum wage proposal are seen as significant steps in President Tinubu’s broader agenda to enhance Nigeria’s international standing and address domestic economic challenges.

As the government moves forward with these initiatives, citizens and stakeholders are hopeful for positive outcomes that will benefit the nation.

In the coming days, further details of the UAE visa agreement and the new minimum wage proposal are expected to be disclosed, providing more clarity on the government’s plans and their implications for Nigerians.

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