On September 11th, President Bola Ahmed Tinubu and President Mohamed bin Zayed Al Nahyan of the UAE met in Abu Dhabi to complete a historic deal between Nigeria and the United Arab Emirates (UAE) which abolished the visa ban for Nigerian travelers and allowed for a significant investment portfolio that will boost the Nigerian economy.
The deal as was released has led to an immediate and seamless return of flight schedules by both Etihad Airlines and Emirates Airlines into and out of Nigeria shores, as reported in a statement made by the presidential spokesperson, Ajuri Ngelali.
It was also made clear that the agreement is based on President Tinubu's Economic development diplomacy efforts and the proposals he made to his counterpart rather than any immediate payment by the Nigerian government.
The government of the UAE's investment arms would make fresh investments totaling several billions of dollars in the Nigerian Economy across a variety of sectors, including agriculture, defense, and other industries, according to the statement.
A combined, new foreign exchange liquidity scheme between the two governments was also successfully negotiated by President Tinubu and will be disclosed in full in the coming weeks.
The fact that this agreement would increase trade, tourism, security, and cooperation between the two nations marks a significant development for Nigeria's international ties and economic growth. Additionally, it will increase Nigeria's standing internationally and influence within the region and beyond.
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