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    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

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    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

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    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

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    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

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    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

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    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

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    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

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    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

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    CBN Bars Large Loan Defaulters from New Credit and Guarantees

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    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

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    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    US and Iran Agree on a fragile Two-Week Ceasefire as Strait of Hormuz Reopens Conditionally

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    eTranzact Announces 12.5 Kobo Dividend as Profit Dips to ₦2.47 Billion in 2025

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    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

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Home News

Canada reduces Permanent Residents permits application slots

Friday, 25 October 2024, 4:32 pm
in News, World
0
Canada reduces Permanent Residents permits application slots
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The Canadian government has announced new measures to manage population growth by reducing the number of permanent residents allowed into the country.

On Thursday, Minister of Immigration, Refugees, and Citizenship Marc Miller stated that instead of the previous target of 500,000 permanent residents annually, the intake will be lowered for the next three years. This change will take effect in 2025. The revised plan will welcome 395,000 permanent residents in 2025, 380,000 in 2026, and 365,000 in 2027.

Miller explained that the 2025–2027 Immigration Levels Plan aims to pause short-term population growth in order to achieve sustainable growth in the long term. “The levels plan includes controlled targets for temporary residents, specifically international students and foreign workers, as well as for permanent residents,” he said.

“Today’s announcement is the next step in our plan to address the evolving immigration needs of our country. While it’s clear our economy requires newcomers, we recognize the pressures facing our nation, and we must adapt our policies accordingly. These changes will help immigration work for our country, ensuring everyone has access to quality jobs, housing, and support to thrive. We have listened to Canadians, and we will continue to protect the integrity of our immigration system while growing our population responsibly,” he added.

Additionally, the Levels Plan aims to reduce temporary resident volumes to 5% of Canada’s population by the end of 2026. Specifically, compared to each previous year, Canada’s temporary population is expected to decline by 445,901 in 2025, 445,662 in 2026, and see a modest increase of 17,439 in 2027.

Canada’s population has experienced significant growth in recent years, reaching 41 million in April 2024, with immigration accounting for nearly 98% of this growth in 2023. Of that, 60% can be attributed to temporary residents.

Vivian Ifunanya Gerald

Administrator and Writer

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