Canada Raises Proof Of Funds To N16m For Nigerians

Date: 08-12-2023 9:48 am (2 months ago) | Author: onuigbo felicia
- at 8-12-2023 09:48 AM (2 months ago)
Online (f)

The government of Canada has increased the proof of funds for Nigerians and other international students from ₦8,025,000.00 ($10,000) to ₦16,050,000.0000 ($20,000).

Marc Miller, Canadian Minister of Immigration, Refugees and Citizenship, made this announcement in a statement on Thursday, saying the new requirement will take effect from January 1, 2024.

“Starting January 1, 2024, the cost-of-living financial requirement for study permit applicants will be raised so that international students are financially prepared for life in Canada.

For 2024, a single applicant will need to show they have $20,635, representing 75% of LICO, in addition to their first year of tuition and travel costs.

“This change will apply to new study permit applications received on or after January 1, 2024,” the statement reads in part.

For close to two decades, study permit applicants for international students have remained at $10,000.

This review, which takes effect from January 1, “will help prevent student vulnerability and exploitation,” the statement added.

This proof of funds review comes days after the United Kingdom introduced a new set of rules that would make it more difficult for Nigerians and others to obtain a visa.

Home Secretary James Cleverly announced the changes in the House of Commons on Monday.

The government said it would now set a minimum annual salary for foreign workers to be eligible for a skilled worker visa at £38,700 from £26,200.

The figure itself is more than the existing median average salary of a full-time worker in Britain.

He exempted health and social care workers, but said they would be prevented from bringing family dependents.

He reaffirmed that Britain would increase the surcharge that migrants pay to access the NHS by 66 percent, to £1,035.

Care England, a charity representing independent adult social care providers, said immigration had been “saving the social care sector”. Staff shortages have been exacerbated by Brexit.

Critics have said this effectively imposes a double charge on migrant workers, as employees also pay National Insurance charges, which go towards covering healthcare.

“For 2024, a single applicant will need to show they have $20,635, representing 75% of LICO, in addition to their first year of tuition and travel costs.

“This change will apply to new study permit applications received on or after January 1, 2024,”
the statement reads in part.

Posted: at 8-12-2023 09:48 AM (2 months ago) | Addicted Hero
- gogoman at 8-12-2023 11:54 AM (2 months ago)
(m)
of course, they all work hand in glove!! Australia, UK, NZ, and Canada  Roll Eyes Roll Eyes Roll Eyes
Posted: at 8-12-2023 11:54 AM (2 months ago) | Grande Master
Reply
- kp45 at 8-12-2023 06:47 PM (2 months ago)
Online (m)
Financially prepared, how does it affect you guys?
Posted: at 8-12-2023 06:47 PM (2 months ago) | Addicted Hero
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. When The Time Comes, It Has Come’ – Video Of Mr Ibu’s Last Moment Surfaces

  2. "Hike In Cement Price Has Rendered Us Jobless" - Artisans, labourers Cry Out

  3. 15 Suspects Arrested Over Looting Of Abuja Warehouse

  4. Reno Omokri Reveals Reason Many Nigerian Women Will Remain Unmarried

  5. Geometric Power Project: Ikpeazu, Otti Govt At Loggerhead Over Alleged $5m Investment

  6. HARDSHIP: 'Don’t Repeat It' – Shehu Sani Warns FCT Residents Against Looting Govt Warehouses

  7. Comedian, MC Pashun Reveals Current Economic Hardship Makes Him Misses Ex Pres. Buhari

  8. Zamfara Senator, Abdulaziz Yari Set To Distribute 358 Trucks Of Foodstuffs

  9. ‘I Feel Incredibly Privileged’ – Burna Boy Speaks About American City Honour

  10. Police Arrests Driver With Pistol And Ammunition In Edo

  11. Hardship: Tinubu Can't Solve Nigeria's Challenges In 9 Months, Says Umahi

  12. 'Sanwo-Olu's Promise Of Free Antenatal, Delivery Services A Mirage' - Lagos Residents Lament

  13. ‘It Was An Unfortunate Statement' - Ex Aviation Minister Faults Tinubu Over Comment On Bribe

  14. “Don’t Fear Death, Prepare For It” – Yul Edochie Advises Fans Following Mr Ibu’s Death


THIS WEEK
  1. Veteran Nollywood Actor, John Okafor Popularly Known As Mr. Ibu Is Dead

  2. "I Found Out He Was 51 On Our Wedding Day After Telling Me He Was 38" – Mr Ibu’s Daughter

  3. The Real Cause Of Nollywood Legend, Mr. Ibu's Death Revealed

  4. Ogun Serial Ritualist, Adebayo Azeez Reveals How He Gets His Victims From A Dating App (Video)

  5. Kizz Daniel Shows Off His Beautiful Wife As He Teases With New Music “Showa” (Video)

  6. "Late Herbert Wigwe Built State-Of-Art Private Tomb Before Death Struck" – Source Reveals

  7. Video of Late Sisi Quadri Complaining Bitterly About His Health in a Hospital Surfaces Online

  8. VIDEO: Police Parade Fleeing Female Anambra Lawyer Who Brutalized Maid With Hot Knife

  9. “I Want To Die” James Brown’s Sister Gracious Brown Laments Bitterly

  10. “How My Brother Collapsed On A Movie Set” - Sisi Quadri’s Brother Narrates How He Died (Video)


TOP MEMBERS: