Business A.M
No Result
View All Result
Sunday, October 18, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
No Result
View All Result
Business A.M
No Result
View All Result
Home The business traveller & hospitality

Nigerians see growing visa walls around their global travel ambitions

by Oluwadarasimi Omiyale
July 26, 2026
in The business traveller & hospitality
Nigerians see growing visa walls around their global travel ambitions

Visa restrictions are putting another brake on Nigeria’s international travel and aviation ambitions, with the country’s passport slipping to 90th place in the latest global mobility ranking.

 

Nigerian passport holders can now access only 44 destinations without obtaining a visa in advance, while travel to major markets across Europe, North America and parts of Asia remains subject to additional costs, documentation and processing delays.

 

The Henley Passport Index, which uses exclusive data from the International Air Transport Association (IATA), ranks 199 passports according to the number of destinations their holders can access without obtaining a visa before departure.

 

Christian H. Kaelin, chairman of Henley & Partners and creator of the index, said passport strength was closely connected to a country’s international relationships.

 

“The world’s strongest passports belong to nations that other countries want as partners for trade, investment, security or cooperation,” Kaelin said.

 

His assessment highlights the wider economic significance of Nigeria’s ranking. A weak passport is not simply a travel inconvenience; it can signal the extent to which a country’s citizens benefit from diplomatic agreements, reciprocal visa arrangements and international confidence.

 

For Nigerian businesses seeking to operate across borders, the implications are substantial. Executives travelling for negotiations, entrepreneurs attending investment meetings and professionals participating in global conferences may face weeks of visa processing before they can access commercial opportunities abroad. In fast-moving business environments, such delays can mean missed meetings, postponed deals and higher transaction costs.

 

The effect is also felt across the travel industry. Travel agencies and tour operators are forced to face complex visa procedures on behalf of customers, while airlines can face weaker demand on international routes when prospective passengers are discouraged by the cost and uncertainty associated with obtaining visas.

 

For a country seeking to attract investment, increase exports and deepen its participation in global value chains, limited passport mobility can therefore become an indirect barrier to economic engagement.

 

The contrast with some other African countries is particularly significant. Seychelles and Mauritius continue to rank among the continent’s strongest passports, providing their citizens with access to substantially more destinations without advance visas. That mobility gives their citizens easier access to tourism markets, international business events, investment meetings and commercial networks.

 

It also supports the development of tourism and aviation. When travellers can move more easily, airlines have a stronger basis for expanding routes, while hotels, tour operators and other tourism businesses benefit from greater visitor flows. Business mobility can similarly support foreign investment, professional exchange and cross-border entrepreneurship.

 

Nigeria, despite being one of Africa’s largest economies and one of the continent’s most important aviation markets, continues to face higher travel friction.

 

The country has invested in expanding airport infrastructure and increasing passenger traffic, but improved physical connectivity cannot fully overcome the constraints created by visa barriers.

 

A new airport terminal or an additional international route may expand capacity, but travellers still require the ability to move efficiently between markets. This is particularly relevant for Nigerian businesses that increasingly operate in a global environment.

 

A company seeking to meet a foreign supplier, negotiate an export contract, attend an industry exhibition or secure investment may need to plan travel weeks or months in advance. The additional administrative burden can be particularly damaging to small businesses, which often lack dedicated travel and compliance teams.

 

For larger corporations, visa restrictions can raise the cost of deploying executives and technical personnel. For smaller businesses, they may prevent international participation altogether.

 

The ranking also has implications for Nigeria’s outbound tourism market. Nigerian travellers seeking international leisure opportunities face application charges, documentation requirements and uncertain processing times. These costs are added to airfares, accommodation and other travel expenses, making international trips more expensive.

 

Travel agencies and tour operators are consequently required to devote greater resources to visa processing and customer support, while airlines may face weaker demand for destinations where visa procedures are perceived as particularly difficult.

 

The ranking also points to a diplomatic dimension. Countries with extensive bilateral relationships, reciprocal visa agreements and strong international cooperation generally provide their citizens with greater freedom of movement. As a result, improving passport mobility is not simply an administrative task for immigration authorities. It requires sustained diplomatic engagement and negotiations with other governments.

 

Nigeria’s position also comes at a time when African countries are seeking to improve regional economic integration.

 

The Single African Air Transport Market (SAATM), which aims to remove barriers to air connectivity across the continent, is intended to make it easier for airlines to operate across African markets and improve passenger movement.

 

Greater implementation of such initiatives could help reduce some of the barriers facing African travellers. However, improved air connectivity alone will not solve the wider problem of international mobility.

 

According to industry analysts, for Nigerian citizens to participate more fully in global business and tourism, the country will also need stronger diplomatic engagement around visa arrangements. This is particularly important as Nigeria seeks to diversify its economy.

 

A country attempting to expand non-oil exports needs entrepreneurs who can meet international buyers, attend trade fairs and negotiate commercial agreements. A country seeking foreign investment needs businesspeople and investors to be able to meet with potential partners. A tourism sector seeking to attract visitors must also ensure that its citizens can participate in international networks that promote destinations and build commercial relationships. In each case, the ability to travel is an economic asset.

 

Nigeria’s position at 90th on the Henley Passport Index therefore raises questions beyond the immediate one-place decline.

 

The more important issue is whether the country can convert its economic size and strategic importance into greater international mobility for its citizens.

 

Nigeria remains one of Africa’s largest economies, with a substantial population, a large consumer market and significant commercial relationships across the world. Yet the ability of its citizens to access international markets remains comparatively restricted.

 

When Nigerian businesspeople must spend more time and money obtaining permission to travel than their competitors in countries with stronger passports, the cost of international engagement rises.

 

Over time, those costs can influence where businesses choose to hold meetings, attend conferences, seek investment and establish partnerships.

 

The impact may be particularly significant for emerging businesses. Large corporations can often absorb the costs of international travel and deploy multiple executives when necessary. Smaller firms and entrepreneurs are less able to withstand the financial and administrative burden of repeated visa applications.

 

This could limit their access to international markets precisely at the stage when they need global exposure to grow.

 

The aviation sector could also benefit from stronger passport mobility.

 

As countries compete for investment, talent, tourism and international business, the ability of their citizens to move efficiently across borders can become a competitive advantage.

 

For now, Nigeria’s fall to 90th place serves as a reminder that the country’s economic ambitions are being pursued in a world where access to markets increasingly depends not only on what a country produces, but also on how easily its people can reach the people and institutions with whom they need to do business.

 

Oluwadarasimi Omiyale
Oluwadarasimi Omiyale
Previous Post

Political, economic uncertainty mount in Cameroon over Biya’s 45 days absence 

Next Post

10bn digital transactions, 90% cybersecurity talent gap expose Nigeria’s fraud risk 

Next Post
Cyber attacks hit over 80% of workers as security adoption lags

10bn digital transactions, 90% cybersecurity talent gap expose Nigeria’s fraud risk 

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Rivers, China's CNCECC sign deal for $3.5bn methanol, fertiliser plant

Rivers, China’s CNCECC sign deal for $3.5bn methanol, fertiliser plant

October 17, 2026
Methane rules spread across 67% of global production as Nigeria faces compliance test 

Methane rules spread across 67% of global production as Nigeria faces compliance test 

October 17, 2026
Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

Onafriq winds down Baxi as Nigeria’s agent banking economics worsen

October 17, 2026
LCFE links petroleum trading to capital market in pricing transparency drive

LCFE links petroleum trading to capital market in pricing transparency drive

October 17, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • MMA2 enters new commercial era after 20-year concession dispute

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Rivers, China's CNCECC sign deal for $3.5bn methanol, fertiliser plant

Rivers, China’s CNCECC sign deal for $3.5bn methanol, fertiliser plant

October 17, 2026
Methane rules spread across 67% of global production as Nigeria faces compliance test 

Methane rules spread across 67% of global production as Nigeria faces compliance test 

October 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M