photo credit: pexels BE Global by Sidnee Michelle Wealthy Nigerians Could Lose Caribbean Visa And Passport Shortcut To Europe Citizenship-by-investment programs effectively allow qualifying investors to obtain a second passport. Wealthy Nigerians who use Caribbean citizenship-by-investment programs to expand their global mobility could lose a key benefit as the European Union moves to tighten its visa policies, Legit reports. Nigerian passport holders generally face visa requirements when traveling to the Schengen area, while citizens of the five Caribbean nations can travel there without a visa for short stays. Citizenship-by-investment programs effectively allow qualifying investors to obtain a second passport, giving some applicants access to countries that would otherwise require them to secure visas before traveling. European officials have raised concerns that the programs could allow nationals of countries subject to EU visa requirements to circumvent the traditional visa process after acquiring Caribbean citizenship.