Although the number of millionaires is rising in several countries due to increasing wealth concentration, Nigeria is unfortunately losing high-net-worth individuals due to economic factors.

The Managing Director of private clients, at Henley & Partners, Troy Hanley, who disclosed this at a virtual press conference on its upcoming Investment Migration West Africa Roadshow, said based on statistics, Nigeria may lose over 300 millionaires in the near future, describing it as a concerning trend for the country.

He further underscored how Henley & Partners is well positioned to assist clients with mitigating economic uncertainties through their investment migration services.

In collaboration with their sponsors, the firm highlighted the value of investment migration for individuals and businesses. Startup Visa, a company working with it for over seven years, shared a compelling story of a long-term partnership.

One of the partners said: “Investment Migration is not about leaving your home country; it’s about creating entrepreneurs and giving businesses the platform to grow. Our collaboration with Henley & Partners has been a great success in enabling this.”

A Senior Consultant at the firm Chidinma Okebalama, who shared valuable insights on the growing significance of global mobility and investment migration, particularly in West Africa, emphasised the strategic benefits of acquiring a second passport, explaining that it provides access to international opportunities and business networks.

“With over 40 investment migration programmes globally, Henley and Partners is focusing on those best suited for the Nigerian market, such as the Portugal Golden Visa Programme, the Spain Programme, the UK Programme, the Canada Programme and the Caribbean Programme.”

On the roadshow, the organisers said it would cover Abuja on October 8, Lagos on October 10, and Accra on October 15, noting that it is more than just an opportunity to emigrate as it is a platform for strategic investments, business expansion and securing global prospects for participants and their families.

With a focus on connecting individuals to global networks and knowledge, the organisers noted that the roadshow aims to equip attendees with the tools needed to thrive internationally while staying rooted in their heritage.

“Key sponsors, such as Hotel 101 Madrid, pioneering the affordable hospitality investment model in Europe; Range Developments, leading ultra-luxury hotel projects tied to citizenship programmes in the Caribbean; Mercan Group, a global leader in immigration and real estate investments in Portugal; Golden Gate Global, experts in M&A advisory services; in the U.S.A, Bridge Partners, driving the growth of mid-sized businesses; and Startup Visa, enabling entrepreneurs to gain residency through innovative business ventures in Canada, further demonstrated the event’s value. Each partner represents business opportunities and pathways for individuals and businesses to secure their futures on a global stage,” they added.