Japa: Canada pegs minimum proof of funds for immigrants at over N17 million
Immigration, Refugees and Citizenship Canada (IRCC) has announced a review of settlement fund requirements for immigrants, pegging the minimum proof of funds at CAD $15,262, equivalent to N17.1 million.
The latest review was different from the previous minimum requirement of CAD $14,690. The family of two are now expected to meet the new threshold of CAD $19,001 equivalent to over N21.2 million.
This development, effective 7th July, 2025, was part of the IRCC’s annual review of settlement fund requirements, based on 50% of the low-income cut-off totals determined by Statistics Canada.
The funds were meant to indicate that applicants demonstrated capacity to support themselves—and their families—after getting to Canada.
Proof of funds represents a critical requirement under both the Federal Skilled Worker Programme and the Federal Skilled Trades Programme.
Meanwhile, Dubai authorities on Tuesday imposed a new set of visa restrictions on Nigerians, stating that intending tourists between 18 and 45 years can no longer visit the Emirati city alone unless accompanied.
The new restrictions came months after President Bola Tinubu’s government announced that Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, accepted Mr Tinubu’s invitation to visit Nigeria this year.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Woman sentenced to prison for defaming NDA commandant
The judge’s ruling of a one-year custodial term on each of the two counts, to run concurrently, was suspended for three years under a plea bargain agreement.
World
Paradigm Initiative condemns exclusion of civil society from 2026 G20 process
Paradigm Initiative said that, for the first time since 2013, G20 leaders excluded civil society participation from the 2026 summit process.
Africa
Kenya to shut embassy in Switzerland November 30
Kenya says it will permanently close its embassy in Bern, Switzerland, on November 30 amid a broader restructuring of its diplomatic missions abroad.
Sport
Ten Super Eagles players arrive Uyo for AFCON qualifier against Tanzania
The players landed at Victor Attah International Airport on Tuesday before heading to the national team camp, hours after their opponents landed in Uyo.
States
Ogun govt to upgrade major roads
The Ogun government has approved the construction and rehabilitation of major roads across the state.
Economy
NSW begins second phase of export operations December 14: Fakolade
The director of the NSW project says the second phase of its export operations will begin on December 14 to simplify trade documentation and improve export processes.
