“In Abu Dhabi, President Bola Ahmed Tinubu and United Arab Emirates President Mohamed bin Zayed Al Nahyan have concluded a historic agreement, leading to the immediate lifting of the visa ban imposed on Nigerian travelers.”
In a statement released on Monday, Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, made the following announcements:
Under the bilateral agreement, Etihad Airlines and Emirates Airlines will promptly resume their flight schedules to and from Nigeria without any further delays. Importantly, this immediate restoration of flight operations, facilitated by both airlines and between the two nations, does not entail any immediate financial obligation on the part of the Nigerian government.
As a testament to President Tinubu’s commitment to advancing economic development diplomacy, and in light of the proposals presented by President Tinubu to his UAE counterpart, the two governments have established a mutually agreed-upon framework. This framework entails substantial new investments, amounting to billions of U.S. dollars, flowing into various sectors of the Nigerian economy. These sectors include defense, agriculture, and other areas, and the investments will be made by the investment arms of the United Arab Emirates government.
Furthermore, President Tinubu has successfully negotiated a joint foreign exchange liquidity program between the two governments. Detailed information about this program will be announced 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 normalise and reset the standard of relations between the two important countries to excellence,” the statement reads.