ST. GEORGE’S, Grenada, CMC—The Grenada authorities has earned almost half a billion {dollars} (One EC greenback = 0.37 cents) from the Citizenship by Funding program (CBI) after the nation accredited 4861 new residents from January to September this yr.
Beneath the CBI program, international buyers are granted citizenship for considerably investing within the nation’s socio-economic improvement.
The 2024 Estimates of Income and Expenditure projected that for the interval January to December, the income from the CBI can be EC$280.6 million, however knowledge within the August fiscal report reveals that the federal government’s income for the interval January to August was EC$372.2 million.
Nonetheless, in line with the most recent knowledge launched on Friday, the federal government’s income from this system from July to September was EC$202,394,508.11, with September earnings alone estimated at EC$76,845,490.05.
Consequently, the entire income for the yr thus far is roughly EC$448.2 million, unique of October earnings.
One native agent mentioned the federal government’s income crossed EC$500 million in October however that the info can be publicly launched within the ultimate quarter of 2024.
In the course of the interval July to September, Nigerians and Chinese language nationals represented 48.2 % of these granted citizenship by this system, which is managed by the Funding Migration Company (IMA).
Information launched on the IMA web site reveals that 1827 folks had been granted citizenship, whereas 44 had been denied it.
Based on the info, 23.8 % of Nigerians, or 435 folks, and 24.4 % of Chinese language nationals, or 445 folks, had been granted citizenship.
The opposite nationalities receiving approval had been 90 from america and 108 from Ukraine. Nationals from Vietnam, Syria, Armenia, Turkey, India, Lebanon, Iraq, and South Africa additionally acquired citizenship.
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