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

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

    Headline: NCC Directs Telcos to Credit Subscribers With Airtime Over Poor Network Service

    NCC Directs Telcos to Credit Subscribers With Airtime Over Poor Network Service

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    Fatal Elephant Attack Sparks Panic in Oyo Community, One Dead, Another Missing

    Bola Tinubu Reaffirms Nigeria’s Support for Gulf Nations Amid Rising Middle East Tensions

    Bola Tinubu Reaffirms Nigeria’s Support for Gulf Nations Amid Rising Middle East Tensions

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    APC Shifts Presidential Primary to May 23, Reschedules Governorship Primaries

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    Goodbye Viral, Hello Value: The Queen of Purposeful Content Is Back

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    Amupitan Reveals Divine Conviction Behind Accepting INEC Chairmanship

    FG Sets Up Inter-Ministerial Committee to Harmonise Security Agencies Nationwide

    FG Sets Up Inter-Ministerial Committee to Harmonise Security Agencies Nationwide

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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.

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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.

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  • Trump’s $1M ‘Gold Card’ Residency Scheme Approves First Applicant, Says Commerce Chief
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  • Fatal Elephant Attack Sparks Panic in Oyo Community, One Dead, Another Missing
  • Bola Tinubu Reaffirms Nigeria’s Support for Gulf Nations Amid Rising Middle East Tensions
  • APC Shifts Presidential Primary to May 23, Reschedules Governorship Primaries

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