Business
US To Review Visa Processing Fees
The United States De
partment of State has reduced Diversity Visa Programme fee as part of plans to adjust visa processing fees which is expected to take effect from April 13, 2012.
This is contained in a statement from the Department of State and made available to the newsmen in Abuja.
Diversity Visa Program Fee which was 440 dollars is expected to be 330 dollars. It stated that the decrease is due to a reallocation of costs associated with immigrant visas and the decrease would affect all categories of immigrant visa processing fees.
The categories include Immediate Relative and Family Preference Applications which was 330 dollars and would be 230 dollars and Employment-Based Applications which fell from 720 dollars to 405 dollars.
Visas that fall under Other Immigrant Visa Applications would be 220 dollars against the former fee of 305 dollars and the Determining Returning Resident Status would be 275 dollars against 380 dollars.
It, however, stated that though most categories of non immigrant visa processing fees would increase, the fee for E visas (treaty-traders and treaty-investors) and K visas (for fiancé(e)s of U.S. citizens) would decrease.
The visa fee increase would affect Tourist, Business, Transit, Crew Member, Student, Exchange Visitor, and Journalist visas which would increase from 140 dollars to 160 dollars.
Petition-based visas (H, L, O, P, Q, and R) would increase from 150 dollars to 190 dollars, Border Crossing Cards (age 15 and older) would increase from 140 dollars to 160 dollars while Border Crossing Cards (under age 15) would increase from 14 dollars to 15 dollars.
However, Treaty Investor and Trader visas (E) would decrease from 390 dollars to 270 dollars and Fiancé(e) visas (K) would also decrease from 350 dollars to 240 dollars.
It stated that the reason for the visa review is to recover the cost of processing visas through the collection of application fees.
“The current fees no longer cover the actual cost of processing non immigrant visas.
“The non immigrant visa fee increase will support the addition and expansion of overseas facilities, as well as additional staffing required to meet increased visa demand.
We recalled that the United States Department of State last adjusted visa processing fees in 2010.
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Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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