Nigeria and the United Arab Emirates are strengthening their economic relationship, with non-oil trade increasing to $5 billion and the First Abu Dhabi Bank officially opening in Lagos.
Additionally, Etihad Airlines plans to start operations in Abuja this year.
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In a statement, Minister of Foreign Affairs Bianca Ojukwu and the UAE Ambassador highlighted their collaboration on the Comprehensive Economic Partnership Agreement to enhance trade and investment.
This announcement came during a visit from UAE Ambassador Salem Saeed Al-Shamsi to the Nigerian Minister in Abuja. He noted that non-oil trade rose from $4.3 billion in 2024 to $5 billion in 2025, with predictions of reaching $8 billion by 2027.
The Ambassador also mentioned that visa restrictions for Nigerians have been relaxed, allowing over 15,000 Nigerians to visit the UAE in the past year.
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Al-Shamsi confirmed the upcoming launch of direct flights by Etihad Airlines to Abuja and the opening of the First Abu Dhabi Bank in Lagos.
Ojukwu reiterated Nigeria’s commitment to fostering a favorable investment climate for UAE investments, including sovereign wealth funds, emphasizing that both nations aim to strengthen their bilateral relationship further.
