Photo: Ontario, Canada.
Canada jerks up proof-of-funds requirement for Nigerian students by 100%
Canda has increased by 100 per cent the proof of funds for Nigerians and other international students from ₦8,025,000.00 ($10,000) to ₦16,050,000.00 ($20,000) in its new study permit requirements for visa.
Canadian Minister of Immigration, Refugees and Citizenship, Marc Miller, who announced this in a statement, said that the new requirements will take effect from January 1, 2024.
He said: “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 now, Canada’s 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.”
