Posted by Justtours News
Travellers from Nigeria will have to
show new proof of funds as Canada has updated its Express Entry immigration requirements.
The North American country has raised the minimum financial threshold for applicants seeking to migrate under the Federal Skilled Worker and Federal Skilled Trades programs. This means as of 7 July 7, 2025, single applicants must now show proof of at least CAD 15,263 (approximately ₦17 million), up from CAD 14,690.
The slight change was introduced shortly after the United States implemented its own visa restrictions, announcing that most Nigerians applying for non-immigrant visas will now receive only single-entry visas valid for three months.
The U.S. stated that the change is part of a reciprocity adjustment in response to Nigeria’s visa policies toward Americans.
According to Canada’s Immigration, Refugees and Citizenship Canada (IRCC), applicants must update their Express Entry profiles with the new proof of funds requirement by July 28, 2025 to maintain eligibility. The amount required increases based on family size, with a two-person household now needing CAD 19,001 (around ₦21.2 million).
It explained further that
Proof of funds is required to demonstrate that a prospective immigrant has sufficient resources to support themselves and their family during initial settlement.
Acceptable documentation includes recent bank statements, official letters from financial institutions, or other formal evidence of access to funds.
Besides, the IRCC warns that applicants must prove legal access to the money and cannot use property equity or borrowed funds as part of their settlement proof. Joint accounts with spouses are permitted, but proof of access must be provided if the money is not in the applicant’s name.
