In a landmark development, President Bola Ahmed Tinubu of Nigeria and President Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) have reached a historic agreement that immediately lifts the visa ban imposed on Nigerian travelers. This significant breakthrough was announced during President Tinubu’s visit to Abu Dhabi on Monday.
The agreement not only ends the visa ban but also marks the swift resumption of flight operations by Etihad Airlines and Emirates Airlines between Nigeria and the UAE.
This resumption of air travel is particularly welcome news for travelers, businesses, and the aviation industry, with no immediate financial burden placed on the Nigerian government.
Economic development
President Tinubu’s economic development diplomacy drive is at the heart of this diplomatic achievement, which has garnered substantial investment commitments from the UAE.
The UAE’s government investment arms are set to inject several billion U.S. dollars into various sectors of the Nigerian economy, including defense, agriculture, and others. This infusion of capital promises to stimulate economic growth and create opportunities for both nations.
Furthermore, President Tinubu and President Al Nahyan have negotiated a joint foreign exchange liquidity program between their respective governments. The details of this program will be unveiled in the coming weeks, offering further avenues for economic cooperation.
In expressing his appreciation, President Tinubu commended President Al Nahyan for his unwavering friendship and commitment to enhancing the relationship between their two countries.
This diplomatic breakthrough signifies the end of travel restrictions and marks a new chapter of cooperation and economic growth for Nigeria and the UAE.
The agreement is expected to strengthen diplomatic ties, foster economic development, and open doors for increased collaboration between Nigeria and the United Arab Emirates. As both nations embark on this new journey, the world watches with anticipation for the positive impact of these initiatives on their economies and people.