Nigeria’s 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, Presidential Media Adviser, Ajuri Ngelale, said in a statement.
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. READ ALSO:
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The following agreements have been reached:
- Immediate lifting of the visa ban placed on Nigerian travelers by the UAE.
- Resumption of flight schedules into and out of Nigeria by Etihad Airlines and Emirates Airlines, without any immediate payment required from the Nigerian government.
- 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.
- A new joint foreign exchange liquidity programme between Nigeria and the UAE, details of which will be announced in the coming weeks.
- 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.
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.
