Nigeria’s president, Bola Ahmed Tinubu, has secured some important agreements with the president of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on investment and the ease of movement between both countries. Tgis took place on Monday in Abu Dhabi.
According to a statement signed by president Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, the agreement, which he described as historic, resulted in the immediate cessation of the visa ban placed on Nigerian travelers.
By the agreement, the statement read, “both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria, without any further delay.
“As negotiated between the two Heads of State, this immediate restoration of flight activity, through these two airlines and between the two countries, does not involve any immediate payment by the Nigerian government.”
The discussions between both presidents also resulted in the establishment of an agreed framework that will involve several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defence, agriculture and others, by the investment arms of the Government of the United Arab Emirates.
President Tinubu is also said to have successfully negotiated a joint, new foreign exchange liquidity programme between the two Governments, which will be announced in detail in the coming weeks.
