• Monday, December 23, 2024
businessday logo

BusinessDay

FG streamlines acquisition of Nigerian citizenship

FG streamlines acquisition of Nigerian citizenship

The Federal Government has launched a handbook streamlining the acquisition and administration of Nigerian citizenship.

The handbook outlined criteria for foreigners and citizens born abroad to acquire Nigerian citizenship, among other stipulations.

It also prescribed conditions for “citizenship by investment,” amongst which is “evidence of the required amount for investment,” pegged at a minimum of $1 million.

Read also: Alternative Routes to Second Citizenship for Nigerians

Olubunmi Tunji-Ojo, minister of Interior unveiled the book on Thursday in Abuja. He said adherence to the document’s provisions could foster Nigeria’s development.

According to Ojo, the document has the potential to revolutionise citizenship and business administration in Nigeria as never seen before.

He said, “A greater Nigeria is here. You and I are here for a Nigeria that will work for all of us; the strong and the weak, the rich and the poor. With the Renewed Hope Agenda, what Nigerians are yearning for has come to stay. There is no need for anybody to shake hands before you can do business here.

Read also: What Nigerians can benefit from having multiple residencies and citizenships

“If we implement the guidelines outlined in the handbook, Nigeria will experience growth commensurate with its abundant human and material resources.”

“We have taken a critical look at the citizenship administration in Nigeria together with major stakeholders, especially the ministry of justice, and made far-reaching amendments to the document in a way that the country would become better in all aspects of life.”

He expressed optimism that the handbook would enhance the country’s security.

“It is, therefore, our hope that what has been codified in the handbook will be a reality to enhance internal security in terms of entrance and exiting, granting of business permits, naturalisation, and the protection of marriage institutions in Nigeria.”

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp