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.
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.
READ ALSO:
- Zacch Adedeji: When Academic Brilliance Runs Ahead of Judgment | By Olawale Olaleye.
- Messi Returns to Inter Miami Days After Father’s Burial
- PENGASSAN: Poverty Must Be Tackled To Reduce Insecurity In Nigeria
- Rufai Oseni Questions Fadahunsi’s AI Explanation Over Viral Video
- Femi Kuti Says Judiciary, Not Tinubu, Is Nigeria’s Biggest Problem
