President Bola Ahmed Tinubu’s recent trip to the United Arab Emirates (UAE) has yielded significant benefits for Nigeria, with a $30 billion green finance deal and a Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries.
The deal, announced during the Abu Dhabi Sustainability Week, is expected to strengthen Nigeria’s climate governance frameworks and attract global green investment.The CEPA agreement will eliminate tariffs on over 7,000 Nigerian export products, including fish, seafood, oil seeds, cereals, cotton, pharmaceuticals, and chemicals, making them more competitive in the UAE market. Nigerian businesses will also be able to establish operations in the UAE and stay in the country for up to 90 days within a 12-month period.
The agreement is expected to deepen economic cooperation, boost bilateral trade and investment, enhance technology transfer, and expand collaboration across key sectors, including energy, infrastructure, agriculture, mining, and renewable energy. Nigeria will also host an Investopia forum in Lagos in February, aimed at attracting global investors and showcasing the country’s reform-driven economic opportunities.
The trip has been hailed as a significant step in Nigeria’s economic diplomacy, with President Tinubu leveraging global platforms to secure partnerships and capital flows in support of the country’s growth, climate commitments, and long-term industrial transformation.
