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Canadian Govt Increases Proof of Funds for Nigerians, Others by 100%

Beginning January 1, 2024, the Canadian government will compel study permit applicants and international students to pay a $20,000 “cost of living” fee instead of the previous $10,000.

This was declared in a statement released on Thursday by Marc Miller, the nation’s Minister of Immigration, Refugees, and Citizenship.

The change, he added, “will apply to new study permit applications received on or after January 1, 2024,” and that a single candidate will have to demonstrate that they had $20,635, or 75% of LICO, in addition to their first year’s tuition and travel expenses, commencing in 2024.

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“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 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 is a recent development—a few days ago, the UK imposed new regulations that would make it harder for applicants from other countries, including Nigeria, to obtain a visa.

James Cleverly, the home secretary, announced the changes in the House of Commons on Monday.

 

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