Since 2016, there has been a notable surge in demand among Nigerian investors looking for Residency and Citizenship by Investment (CBI) programmes. In the face of current economic challenges including extortionate inflation and the Naira’s significant depreciation following its de-pegging from the USD, affluent Nigerians continue to place a high priority on achieving their investment migration goals.

La Vida has achieved remarkable success in the Nigerian market, becoming a trusted partner for many Nigerian investors seeking to enhance their global mobility. Our reputation within the community is strong, with word-of-mouth referrals playing a significant role in our growth. Clients consistently recommend us due to our tailored approach and exceptional service. As one of the Financial Times’ Fastest Growing Companies in Europe, La Vida operates under UK law, ensuring the highest standards of service and compliance. This reputation has made us a preferred choice for those looking to invest in second passports.

Despite Nigeria being the wealthiest nation in Africa, the Nigerian passport tells a different story – it’s severely lacking in global access. Astonishingly, Nigeria has not only one of Africa’s lowest ranking passports, but also one of the lowest in the world, sitting at position 196 in La Vida’s passport ranking for 2024. This ranking highlights the significant challenges Nigerian passport holders face, especially when it comes to travel, business, and education opportunities abroad. The need for a second passport has become increasingly apparent, and La Vida is here to facilitate that journey.

WHY NIGERIANS INVEST IN SECOND PASSPORTS

Business Expansion

  • Global Market Access: A second passport can open doors to markets that are otherwise difficult to enter. Countries like the US, UK, and those in the EU have strict visa requirements, which can be a barrier for Nigerian entrepreneurs. A second passport from a country with visa-free or visa-on-arrival access to these regions can make business travel and operations much easier.
  • Ease of Doing Business: Many countries offer business-friendly environments with lower taxes, fewer regulations, and stronger legal protections. A second citizenship can allow Nigerian investors to establish businesses in these jurisdictions, which can boost growth and profitability.

Educational Opportunities

  • Access to Top Institutions: Nigerian families often seek the best education for their children. A second passport can provide easier access to prestigious universities and schools in Europe, North America, and other developed regions. In some cases, it can also significantly reduce tuition fees as some countries offer discounted rates for citizens.
  • Visa-Free Study Abroad: With a second passport, students can travel without the hassle of visa applications, allowing them to participate in exchange programs, internships, and other educational opportunities abroad more easily.

Enhanced Travel Freedom

  • Visa-Free Travel: Nigerian passport holders currently need visas for most countries in the world. A Nigerian passport grants visa-free access to just 54 destinations, covering only 23.8% of the 227 countries and territories worldwide. Even more concerning is that these countries represent a mere 2.1% of the world’s GDP and 3.1% of international travel popularity. Comparatively, neighboring countries like Ghana, Cameroon, and Cote d’Ivoire have stronger passports.
  • Emergency Travel: In cases of emergencies or sudden travel needs, having a second passport can be a real advantage, allowing immediate travel without waiting for visa processing.

Lifestyle and Freedom

  • Safety and Stability: A second passport can provide a safe haven in times of political or economic instability. It offers the security of knowing that you have a place to go should the need arise.
  • Quality of Life: Some countries offer higher standards of living, better healthcare systems, and a more peaceful environment. A second citizenship can allow Nigerians to enjoy these benefits, either as a permanent resident or a frequent visitor.

BEST SECOND PASSPORTS TO COMBINE WITH A NIGERIAN PASSPORT

  1. Grenada

  • Advantages: Pairing a Grenadian passport with a Nigerian one opens access to 163 destinations worldwide, including the UK, EU Schengen zone, China, and Russia. This combination gives visa-free access to 58.7% of the world’s GDP, a significant improvement over the 2.1% offered by a Nigerian passport alone.
  • Special Benefits: Grenada’s E-2 Visa treaty with the US allows Grenadian citizens to apply for a US residency visa by investing in a US business. Moreover, Grenadian citizens receive a 90% fee reduction at St. George’s University, a top medical school affiliated with the US and the UK.
  • Investment Options: Grenada’s Citizenship by Investment programme is available through a government donation route or real estate investment route.
  • Processing Time: Fast processing time of around 4 months, with the entire application process completed remotely.

  1. Dominica

  • Advantages: A Dominican passport, when combined with a Nigerian one, offers access to 162 destinations worldwide, including the EU. This combination improves access to 42.7% of global GDP.
  • Special Benefits: As part of the Commonwealth, Dominica allows visa-free travel to many countries in the EU, making it a popular choice for Nigerians.
  • Investment Options: Dominica’s Citizenship by Investment programme, with options starting from $200,000 plus fees.
  • Processing Time: Quick and efficient, with a well-established programme since 1993.

  1. Portugal

  • Advantages: Combining a Portuguese passport with a Nigerian one grants access to 205 destinations, representing 80.5% of the world’s GDP. This includes visa-free travel across the EU and simplified electronic visa access to Australia, Canada, and the US.
  • Special Benefits: After five years of residency through the Golden Visa programme, investors can obtain full citizenship, allowing them to live, work, and study anywhere in the European Union. If your children choose to pursue their education in any EU country, they will benefit from the lower EU student tuition fees as EU citizens, rather than the higher international rates.
  • Investment Options: Portugal’s Golden Visa programme, starting from €500,000, plus fees.
  • Processing Time: Citizenship can be granted after five years of investment residency.

WHY LA VIDA IS THE PREFERRED CHOICE FOR NIGERIANS

La Vida has a proven track record of assisting many Nigerians in securing their second citizenship. Over the years, we have featured in several well known publications including Business Day and Forbes Africa. Our team understands the unique challenges faced by Nigerian nationals and provides tailored solutions to meet their specific needs. With our comprehensive Passport Value report, we help you evaluate the combined value of your current and potential second passport, considering factors such as visa-free access, GDP coverage, and travel popularity.

Client Testimonials

Here are some testimonials from our satisfied Nigerian clients:

  • Mrs. Z, Nigeria, May 2024: “Daniel Twomey set tone as my first point of contact during the process and he was very detailed in providing me with all the necessary information I needed to make a decision. I appreciated his guidance on the best option to consider for me and my family. Jude Clemoes was my rock and guide throughout Tempe process and at no point did she express frustration, just full support and a can-do spirit from start to finish. She continues to address follow on questions till this date. Special mention also to Chelita and Lukas who were of great help too. I will no doubt continue to engage La Vida on future investment projects. Thank you all.”
  • M. Inyang, Nigeria, October 2022: “I am glad I chose La Vida, they updated me every step of the way even when there were delays. The service was impeccable and I would definitely recommend.”
  • Mrs. Oguzie, Nigeria, April 2022: “We got the best services with La Vida’s company, Jude was so helpful and answered all questions on time. Jessica from the beginning answered our questions well and clear every area we needed clarifications on. Everything was perfect for us.”

Investing in a second passport through La Vida isn’t just about convenience—it’s about securing a better future for you and your family. Whether for business, education, travel, or lifestyle, a second citizenship offers countless benefits that can transform your life. With La Vida, you can trust that you’re in expert hands, guiding you through every step of the process to ensure a successful outcome. For a detailed passport value report and personalized assessment, contact our specialist consultants today.

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