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    Uganda Army Chief Orders Shutdown of Major Media Houses

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    Police Rescue Kidnap Victim During Forest Raid in Imo

    US, Iran to Resume Talks as Both Sides Agree to Pause Fresh Attacks

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    Governments Face Funding Strain Despite N118.8tn Revenue Windfall

    Governments Face Funding Strain Despite N118.8tn Revenue Windfall

    South Korea Commits $1.2 Trillion to AI and Chip Industry Expansion

    South Korea Commits $1.2 Trillion to AI and Chip Industry Expansion

    FCCPC Debunks Report Claiming Approval of 48 New Loan Apps

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    FG Bans Okada, Tricycles on Lagos-Calabar Coastal Highway

    FG Bans Okada, Tricycles on Lagos-Calabar Coastal Highway

    Uganda Army Chief Orders Shutdown of Major Media Houses

    Uganda Army Chief Orders Shutdown of Major Media Houses

    DSS Releases, Compensates Man Wrongfully Detained Over Alleged Boko Haram Links

    DSS Releases, Compensates Man Wrongfully Detained Over Alleged Boko Haram Links

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Trump’s $1M ‘Gold Card’ Residency Scheme Approves First Applicant, Says Commerce Chief

Contributor by Contributor
April 24, 2026
in International
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Trump’s $1M ‘Gold Card’ Residency Scheme Approves First Applicant, Says Commerce Chief
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The administration of Donald Trump has begun rolling out its controversial “gold card” residency programme, with the United States granting approval to its first successful applicant.

The initiative, introduced through an executive order signed in September last year, allows wealthy individuals to secure U.S. residency by making a significant financial contribution. Applicants are required to pay $1 million, while corporate-backed applications are pegged at $2 million.

Applications officially opened in December, and according to U.S. Commerce Secretary Howard Lutnick, interest has been strong. Speaking before a congressional committee, Lutnick revealed that “hundreds” of applicants are currently in line undergoing the review process.

In addition to the main payment, applicants must also pay a $15,000 processing fee to the Department of Homeland Security. Authorities say all submissions will undergo strict vetting procedures before approval.

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The “gold card” scheme forms part of a broader immigration policy shift under the Trump administration, which has also introduced measures such as a proposed $100,000 annual fee on H-1B skilled worker visas.

President Trump has defended the programme, arguing that it will attract wealthy investors and job creators while helping to reduce the country’s national deficit. However, critics have questioned the fairness of the policy, warning that it effectively places a price tag on U.S. residency.

Since returning to office in 2025, the administration has adopted a tougher immigration stance, including stricter entry policies and an increase in deportation operations nationwide.

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  • KieKie Named Chief Wahala Officer as inDrive Tackles Lagos Mobility Crisis
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  • NELFUND Moves Against Institutions Withholding Student Refunds, Hiking Fees
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