Wealthy residents of Nigeria seek to improve their social status by obtaining citizenship in another country. Second citizenship for Nigerians offers solid privileges regarding business, education, health care, freedom of movement, and other areas of human life.
All the applicants must do is meet the criteria and be financially able to pay all the expenses. Although requirements may vary from country to country, the basic and common ones for obtaining citizenship by investment for Nigerians are the following:
- Age of majority.
- Absence of criminal record.
- Steady, legal income.
Many regions do not require you to relinquish your Nigerian passport, but it is worth clarifying this point because having dual citizenship is illegal in some countries.
Education and health care system
The situation with medicine in Nigeria leaves much to be desired. The shortage of staff and the low level of provision of hospitals make locals think seriously about immigration. The lack of important medicines and vaccines makes it impossible to receive proper medical care. Therefore, the second passport for Nigerian citizens is a real opportunity to provide access to world medicine for yourself and your family members.
Obtaining education in your native country is also problematic. According to statistics, about half of the younger generation makes every attempt to leave the country without even plans to return. Nigerians understand the need for quality education for future employment. Therefore, young people move away to get a decent education. The older generation leaves their homeland to secure a future for their children.
Business and international mobility
Entrepreneurs who want to take their business to the next level seek to obtain a stronger passport. Frequent business travel, traveling with the acquisition of new citizenship becomes much easier. For example, the Caribbean document makes visiting a hundred and fifty countries without additional permits possible. The economy of the native region is very unstable, so citizenship for investment allows you to improve the entrepreneurial position in a state with a stable economy and developed infrastructure.
According to Zlata Erlach, an expert at the company Immigrant Invest, Nigerians receive more and more denials of visas, so most of them are looking for an opportunity to get new citizenship. In addition, they are looking for security and stability for their relatives.
Top 3 citizenship by investment program for Nigerians
Various republics are on the list of countries that provide investment citizenship for Nigerians. Each of them has its conditions, costs, and advantages. The programs of the following countries are especially popular:
- Turkey;
- Vanuatu;
- Caribbean countries.
These regions offer several naturalization options. So, consideration of an application in Turkey will take from 6 to 8 months, regardless of the chosen investment path:
- the purchase of an apartment from $400,000;
- bonds, shares, or deposits in a bank of half a million dollars or more.
You cannot sell your share or real estate and close the deposit within three years.
Vanuatu offers to make a non-refundable contribution to a government fund. The contribution amount for one applicant is $130,000. The program’s cost for four applicants will be more – $180,000. It is the fastest naturalization scheme. The process of obtaining a passport takes only 30 days.
Caribbean states also offer various investment avenues: non-refundable donations and the purchase of real estate. In general, the amount of contributions to state funds starts from 100 thousand dollars. You will have to pay 200 thousand dollars for the purchase of apartments. The timing of obtaining a passport in these regions can range from 12 weeks to six months.
Conclusion
Multiple citizenship is allowed in Nigeria. It allows its residents to improve their social status by obtaining a passport from another state. With the new document, Nigerians get access to quality medical care and a high level of education. They get the opportunity to live and work in regions with a stable economic and political environment. One of the ways of obtaining it is through investment. Today, various countries around the world offer this opportunity. All programs differ in terms of conditions, cost, benefits, and time for consideration of the application.
Most migrants turn to licensed agencies to avoid problems and rejections. Specialists help gather papers, translate them, select real estate, and close the deal. Many programs do not require you to visit the country, and the entire process occurs remotely. Choosing a country is a difficult moment, and you need to study in detail the criteria and benefits and assess the chances of approval of the application. A licensed agent conducts a preliminary check and concludes how high the probability of success in obtaining a passport of a particular country is.
