The Nigerian Federal Government under the President Bola Ahmed Tinubu led administration has successfully secured a landmark deal with the United Arab Emirates (UAE), and also the lifting of the visa ban on Nigerian travellers.
This mouth watering deal also comes along with robust investment and economic cooperation between the UAE and Nigeria.
A statement released by State House Correspondence on Monday reads:
President Tinubu Secures Landmark Deal With UAE, Visa Ban On Nigerian Travellers Lifted Immediately
President Bola Ahmed Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi, have finalized a historic agreement, which has resulted in the immediate cessation of the visa ban placed on Nigerian travelers.
Furthermore, by this historic agreement, 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.
In recognition of President Tinubu’s economic development diplomacy drive and proposals today presented by President Tinubu to his counterpart, an agreed framework has been established, which will involve several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defense, agriculture and others, by the investment arms of the Government of the United Arab Emirates.
Additionally, President Tinubu is pleased 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.
In conclusion, the President wishes to commend the UAE President, Mohamed bin Zayed Al Nahyan, for his unalloyed friendship and his determined effort to join hands with him to fully normalize and reset to excellence, the standard of relations between the two important countries.
Chief Ajuri Ngelale
Special Adviser to the President
(Media and Publicity)