In 2024, interest in Golden Visa programs surged among Nigerian investors, with many families looking to secure global mobility, economic security, and long-term opportunities abroad.
Portugal, the United Arab Emirates, and Greece have emerged as the top destinations, offering attractive pathways to residence and, in some cases, eventual citizenship.
Lyle Julien, an Investment Programs Specialist at Immigrant Invest, offered insight into current trends, key motivations, and the best options available to Nigerians seeking alternative residency solutions.
Why Nigerians Are Turning to Golden Visas
For many Nigerian investors, Golden Visas offer more than just international travel perks. They serve as a strategic backup plan in the face of local economic and political instability. Key benefits include:
• Visa-free access to Schengen and other regions
• Opportunities for high-quality education, healthcare, and lifestyle
• Wealth protection through foreign real estate or business investments
• Legal pathways to citizenship in stable countries
• A safer and more secure future for their families
“Golden Visas are not just about convenience. For many, they are about planning ahead and safeguarding their families’ future,” Julien noted.
How Golden Visa Programs Work
Golden Visas are residence permits granted in exchange for qualifying investments in a host country’s economy. These investments may include:
• Purchasing real estate
• Starting or funding a business
• Investing in government bonds or national development funds
Applicants must typically pass due diligence checks, maintain the investment for a defined period, and renew their residence permit periodically. Some programs offer a route to permanent residency or citizenship after a few years, depending on residence and legal requirements.
2024 Trends: Nigeria’s Growing Interest
Recent data from Immigrant Invest reveals that inquiries from Nigerian nationals into Golden Visa programs rose by over 40% in 2024 compared to the previous year. Portugal remains the top destination, followed closely by the UAE and Greece. Hungary is also gaining attention due to its recently revamped residency options.
According to Julien, Nigerians are drawn to countries that offer strong property markets, family-friendly policies, low stay requirements, and the possibility of naturalisation.
“These destinations provide the balance Nigerian investors are looking for: stability, opportunity, and international access,” he said.
