Nigeria and the United Arab Emirates (UAE) concluded an economic partnership agreement that President Bola Tinubu said will deepen trade ties and unlock investment.
The pact will strengthen cooperation in renewable energy, aviation, logistics, agriculture, digital trade and climate-smart infrastructure, Tinubu told the Abu Dhabi Sustainability Week conference on Tuesday.
The deal marks a “historic and strategic milestone” between one of Africa’s biggest economies and the Gulf state, he said.
Nigeria is seeking deeper partnerships with the UAE in technologies including artificial intelligence to modernize energy infrastructure, improve grid efficiency and accelerate the rollout of sustainable power to underserved areas, the president said.
As part of the deepening ties, Nigeria will co-host Investopia with the UAE in Lagos in February, bringing together global investors and policymakers to convert interest into commitments, Tinubu said.
Tinubu’s administration has implemented a series of reforms over the past three years aimed at attracting foreign investors. That’s yielded a 21% increase in non-oil exports and more than $50 billion in investment commitments, according to the president.
The agreement will give Nigerian businesses access to a key Middle East hub and “a gateway to the rest of the world,” Trade Minister Jumoke Oduwole said after the accord was signed. She added that the deal could also pave the way for Emirates Airline to resume flights to Abuja in the first quarter, easing business travel and trade flows.
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