News

Why Nigeria has one of the weakest passports in the world

10 years ago, the Nigerian passport was the 76th most powerful travel document in the world.

The most powerful travel document in this region is Benin, ranked in the 81st position with visa-free/visa-on-arrival access to 62 destinations.

Why is the Nigerian passport losing its value?

The report blames the general decline in the power of African passports over the last decade on political instability and conflict across the continent.

Stuart Wakeling, Director Private Clients & Head of Nigeria, offers a more detailed explanation for the growing weakness of the Nigerian passport.

According to him, the Nigerian passport is suffering because “visa-free travel and passport ranking is contingent on a positive international perception of domestic affairs and proactive engagement between sovereign states.”

Since “diplomatic interaction and negotiation take time. Nigeria, therefore, has a passport value today, that is not representative of the short to medium-term economic growth that has so impressed global investors. Global diplomats and politicians wish to see the long-term positive effects of that economic growth and ensure that it is sustainable before any positive change can be evidenced on a passport specific level,” he adds.

However, Wakeling is hopeful since “Nigeria has demonstrated some of the fastest and most impressive new wealth creation in the world. The high-net-worth population within the country is predicted to rise by a compound annual rate of 16.3% between 2019 and 2023, outstripping the vast majority of other global liquidity centres. Nigeria lays claim to Africa’s largest economy and this has successfully diversified over time. Of course, oil and gas remain important and prominent, but far from the only component.”

He recommends implementing reciprocal visa waivers to move up the global ranking.

TruetellsNigeria

Recent Posts

Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

  Adron Homes & Properties Limited has congratulated Muslim faithful on the commencement of the…

1 hour ago

Afeni Pledges Ongoing Battle Against Smugglers

The Acting Area Controller of Ogun 1 Command of the Nigeria Customs Service, Comptroller OO…

2 hours ago

Accra, Ghana Agog As Africans Gather To Celebrate Africa’s Living Legend Hall of Fame

  This Saturday, Accra will host one of the continent’s most prestigious celebrations of achievement…

8 hours ago

Alpha Morgan to Host 19th Economic Review Webinar

  In an economy shaped by constant shifts, the edge often belongs to those with…

3 days ago

Compt. Frank Onyeka Vows a New Era at Tin Can Island Command as Paperless Customs Nears

  Tin Can Island Port Command is set for a digital transformation as Area Controller…

3 days ago

CGC Adeniyi Commissions ASR-Donated Customs Hospital in Bauchi

  ...Assures Host Communities of Improved Access to Quality Healthcare   The Comptroller-General of Customs,…

3 days ago