- UAE government agreed to bring various investments into the Nigerian economy
- Tinubu hails UAE government for unalloyed friendship and their determined effort
President Bola Tinubu on Monday, September 11, secured an immediate cessation of the ban placed on Nigerian travellers by the government of the United Arab Emirates (UAE).
This was agreed during discussions between President Tinubu and his Emirati counterpart, Mohamed bin Zayed Al Nahyan, in Abu Dhabi, according to a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
The statement further disclosed that besides the lifting of the visa ban, it was agreed that both Etihad Airlines and Emirates Airlines will resume both inbound and outbound flight operations in Nigeria.
The statement also disclosed that the resumption of operations by both airlines requires the Nigerian federal government to make any immediate payments.
“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 travellers.
“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”, the statement said.
Meanwhile, the UAE government has agreed to bring various investments into the Nigerian economy, worth several billions of dollars, all in recognition of President Tinubu’s economic development drive.
According to the statement, the incoming investments will focus on the defence, agriculture and other sectors of the Nigerian economy.
It added: “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 defence, 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.”