President Tinubu Signs MoU with United Arab Emirate

Tinubu and UAE President

Nigeria President, Bola Tinubu has initiated a new investment opportunity with the United Arab Emirate government, which include lifting of visa ban and flight resumption.

Felix Omoko Blog gathered that the MoU was signed with UAE President, Sheikh Mohamed bin Zayed Ai Nahyan in the spirit of building a prosperous and a commitment to Tinubu’s renewed hope agenda.

The statement reads

Good evening Nigerians – Home and abroad,

Today, in unity with my friend, UAE President Sheikh Mohamed bin Zayed Al Nahyan @MohamedBinZayed, we have initiated a new era of collaboration and friendship between our nations – Nigeria and the United Arab Emirates. 

We’ve also laid a robust foundation for substantial investments in various sectors in Nigeria, a testament to our shared vision for a prosperous future. 

Together, we are committed to building bridges and fostering a friendship that stands the test of time. As part of our discussions, the following have been reached:

1. Immediate lifting of the visa ban placed on Nigerian travelers by the UAE.

2. Resumption of flight schedules into and out of Nigeria by Etihad Airlines and Emirates Airlines, without any immediate payment required from the Nigerian government.

3. An agreed framework for new investments worth several billions of U.S. dollars into the Nigerian economy by the UAE government, covering multiple sectors including defense and agriculture.

4. A joint, new foreign exchange liquidity programme between Nigeria and the UAE, details of which will be announced in the coming weeks.

5. A commitment to normalize and enhance the relations between the two countries, fostered by the collaboration between myself and UAE President Mohamed bin Zayed Al Nahyan.

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