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Nigerians Spend $1bn To Buy Citizenship, Golden Visas Abroad

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Some rich Nigerians have spent over $1billion this year alone buying themselves citizenship of other countries or golden visas as they plan ahead for safe haven should Nigeria collapse as a nation.

The $1billion is a conservative estimate, given the number of applications processed by the citizenship advisory firms.

According to a report published by Al Jazeera, more Nigerians paid for citizenship or golden visas this year, than in other years.

At London-based Henley & Partners, one of the world’s largest citizenship advisory firms, applications by Nigerians increased by 185 per cent during the eight months to September 2020, making them the second-largest nationality to apply for such schemes after Indians.

More than 1,000 Nigerians have enquired about the citizenship of another country through Henley & Partners this year alone, which Paddy Blewer, head of marketing, said “is unheard of.

“We’ve never had this many people contacting us”, Blewer said.

Arton Capital, a citizenship advisory group, said demand from Nigerian families for Antigua and Barbuda citizenship is up 15 percent this year compared with the last.

St Lucia has also seen a record number of Nigerians applying in 2020.

CEO of the St Lucia Citizenship-by-Investment Unit, Nestor Alfred, said “It’s more than it’s ever been over the past four years”.

The rush to escape from Nigeria reached the apogee in July, with the Coronavirus epidemic raging.

Another propelling factor has been the recent #EndSARS protest, according to the report.

A Nigerian interviewed, cited the escalation of Covid-19 cases in Nigeria as a reason wealthy Nigerians started looking more seriously at citizenship abroad.

“Those with medical conditions that could not fly out – a lot of them are buying passports just because if there is any problem they can fly out,” said Olusegun Paul Andrew, 56, a Nigerian entrepreneur and investor who spends much of the year in the Netherlands.

“Flying out” of Nigeria is hard and not just because of the Coronavirus pandemic.

Just 26 countries allow Nigerian passport holders visa-free entry; many of them part of West Africa’s ECOWAS arrangement.

Both the United Kingdom and Europe’s Schengen zone require Nigerians to obtain visas ahead of travelling.

For the wealthy, this is too much hassle.

“They don’t want to be queuing for visas for any EU country or whatever,” Andrew said.

Instead, why not purchase the citizenship of a country with visa-free access to Europe?

According to the report, the destinations of Nigerians seeking citizenship or golden visas are Malta and many Caribbean nations.

In Malta, all they need to do for citizenship is to have an investment of between $100,000 to $800,000 in the country.

In St Kitts and Nevis, a passport can cost as much as $400,000.

The passport opens doors to Europe and America, where they do not to get visas anymore.

Bimpe, a wealthy Nigerian who was interviewed for the report said she has three passports: one Nigerian, which she says she never uses, and two from Caribbean nations – St Kitts and Nevis – and Grenada.

“The St Kitts and Nevis passport, which cost her $400,000 via a real estate investment programme, was useful when she travelled between London and New York on business as it allows for visa-free travel to the UK and Europe. But now that she has retired in Abuja, Bimpe, whose husband has passed away, wants her three adult sons to have the same opportunities to travel and live abroad.

“My kids were interested in visa-free travel. They are young graduates, wanting to explore the world. So, that was the reason for my investment,” she explains.

“Her investment to gain a Grenada passport for herself and her sons took the form of a $300,000 stake in the Six Senses La Sagesse hotel on the Caribbean island, which she bought in 2015 through a property development group called Range Developments. Like most countries offering their citizenship for sale, Grenada allows real estate investments to qualify for a passport”.

 

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NUT Tasks NASS On Teachers’ 65 Years Retirement Age Bill Passage

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The Nigeria Union of Teachers (NUT), has urged the national assembly to expedite action on passage of the Harmonised Retirement Age for Teachers in Nigeria Bill 2021.
The Secretary-General of NUT, Dr Mike Ike-Ene, made the appeal in an interview with The Tide yesterday in Abuja.
He said the passage of the bill and its eventual signing into law by the President would go a long way in giving teachers the hope that their profession was being given the needed attention.
Ike-Ene said the hope of passage of the bill on June 30, having been mentioned on the Order Paper, was dashed because of the controversy that followed the debate on the Petroleum Industry Bill, now an Act.
“We are expecting that as the national assembly has resumed, the bill will be one of the first few bills to be passed.
“We expected the bill to be passed on June 30 concurrently by the two houses having been mentioned on the Order Paper but the debate of the Petroleum Industry Act and debate of the Electoral Reform Bill took the day.’’
The Secretary-General commended the National Assembly for its commitment to ensuring conclusion of work on the bill.
He expressed optimism that when passed, President Buhari would not hesitate in signing it into law.
He thanked the President for the effort to reposition the teaching profession, saying the union had been in the forefront in the struggle for elongation of tenure for teachers, among other things.
According to him, we have actually been fighting for some of the things the President promised to do for teachers, for instance, the elongation of years.
“We have been agitating for 65 years retirement age or 40 years by service and one of the reasons for the agitation is that we discovered that about 26 states did not recruit a single teacher for over 20 years.
“Yet teachers were retiring in their dozens, in hundreds and more deaths were being recorded as a result of the growing insecurity, particularly in schools.
“Some died naturally, others were resigning, yet teachers were not being employed.”
He further said, “We have also been agitating for Teachers Special Salary Structure (TSS) but hazard allowance was granted instead.
“The hazard allowance accumulated to 27.5 per cent of the basic of teachers’ salaries which were not what we were agitating for.
“We thank God that the Buhari’s administration has promised to implement the TSS and since that pronouncement, NUT, government and other stakeholders have been working to ensure implementation.’’
Ike-Ene disclosed that the promise made to teachers by the president would be implemented at different levels, stressing that while some would be passed into law, others would be implemented as policies.
President Muhammadu Buhari had in June, transmitted a letter on a Bill to increase the retirement age for teachers from 60 years to 65 years.
The Bill also seeks to extend the years of service for teachers from 35years to 40 years.
Meanwhile, the president at the commemoration of the World Teachers Day on October 5, 2020, approved a special salary scale for teachers and special pension scheme.
He also said the Tertiary Education Trust Fund (TETFUND) will begin to fund teaching practice in universities and colleges of education.
He further promised to ensure provisions for rural posting allowance, science teachers allowance and peculiar allowance.
The president also promised sponsorship of at least one refresher training, construction of low-cost housing for teachers in rural areas and reintroduction of bursary award.
Other promises are, expansion of the annual Presidential Teachers and Schools Awards and payment of stipends to Bachelor of Education students and automatic employment after graduation.

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Traffic Congestion: FG Builds Three Flyovers, Interchange

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The Federal Government is collaborating with Ogun State Government to secure the Right of Way (RoW) for the construction of three bridges and an interchange on the Lagos-Ibadan expressway.
The Minister of Works and Housing, Mr Babatunde Fashola, said this during an inspection of the highway last Wednesday.
Fashola, who was joined by Gov. Dapo Abiodun at the Lotto Bridge under construction, said the highway accommodated over 40,000 vehicles daily, hence the urgent need for additional flyovers and interchanges for decongestion.
The bridges are under construction at Makun, MFM and Lotto (Mowe) areas on the Lagos-Ibadan expressway.
“We are trying to execute an interchange that will separate the main carriageway and give commuters choice, especially those going to religious places to worship, those going to universities and so on and so forth.
“So that what used to cause the congestion is limited to the barest minimum if not totally eradicated when the road is finished.
“So, we now require additional land to build the interchange, that is why I called the governor (Dapo Abiodun),” he said.
He said that the Buhari administration inherited several stalled projects which he was committed to completing by adequately funding the projects
Fashola expressed satisfaction with progress of work on the ongoing reconstruction/rehabilitation of the Lagos-Ibadan Expressway.
On his part, Gov. Abiodun assured that the state government would give all the land and support needed.
Earlier, the Federal Controller of Works in Lagos, Mr Olukayode Popoola, gave the measurements and dimensions needed for the bridges and interchange.
Popoola also gave details on the number of buildings and services on the Right of Way of the bridges which, without paying compensations, would stall the project.
He said that section one of the Lagos-Ibadan Expressway project, which spans from Ojota in Lagos to Sagamu Interchange, “has achieved 56 per cent completion”.
Also, during inspection of section two of the project, which spans from the Sagamu Interchange to Ojoo in Ibadan, the Federal Controller of Works in Ogun, Mr Umar Bakare, said that the section was 63 per cent completed.

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NEDC Flags Off Construction Of 500 Housing Units In Bauchi

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North-East Development Commission (NEDC) in collaboration with the Bauchi State Government has commenced the construction of 500 mass housing units in Bauchi, to address housing deficit in the state.
NEDC’s Managing Director, Alhaji Mohammed Goni-Alkali, stated this at the ground breaking ceremony of the project yesterday in Bauchi.
Goni-Alkali said that 300 houses would be built in Bauchi metropolis while 200 others would be spread across the 20 local government areas of the state.
According to him, the project is to ease the accommodation problems as well as fast track the rapid social and economic development of the state, to mitigate the devastation caused by the insurgency.
Goni-Alkali said that the commission had so far constructed 1,000 housing units in Marte LGA of Borno, adding that the houses had been handed over to the state government.
He said that the commission would also construct one primary school in each of the senatorial districts across the six states in the region, to promote educational development.
The managing director said that the commission had presented food and non-food items to the Bauchi State Government for distribution to the Internally Displaced Persons (IDPs).
He listed the items to include 10,000 bags of rice; 2,000 bags of sugar; 10,000 gallons of palm oil; 3,000 cartons of pasta; 2,000 blankets; 2,000 plastic mats and 1,000 mosquito nets.
In his remarks, Gov. Bala Mohammed, lauded the impact of the commission in the North-East with regard to the construction of schools and roads.
Mohammed also commended NEDC for the provision of other essential services since inception in 2019.
He said that the commission had constructed one block of six classrooms each across the 20 local government areas of the state.
“We have recieved the intervention of the commission in health and agriculture,” he said.
Mohammed promised to distribute the donated items judiciously to the deserving families.
The Goni-Alkali and other officials of the commission would inspect road projects in Alkaleri and Kirfi, and  Visco Vaginal Fistula (VVF) Centre in Ningi

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