President Bola Ahmed Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan have finalized a historic agreement on immediate cessation of the visa ban placed on Nigerian travelers.
Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale in a statement on Monday said the agreement was reached between the two countries on Monday during Tinubu’s visit to President Al Nahyan in Abu Dhabi.
He said both Etihad Airlines and Emirates Airlines are also directed to resume flight schedules into and out of Nigeria, without any further delay.
ALSO READ: Tinubu to meet UAE authorities during stopover in Abu Dhabi
According to him, the negotiation between the two Presidents on the immediate restoration of flight activity through the aforementioned 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,” Ngelale said.
According to Ngelale, the President also negotiated a joint new foreign exchange liquidity programme between the two governments, which will be announced in detail in the coming weeks.
ALSO READ: Nigeria āll play vital role in G-20 ā Tinubu
Ngelale added that Tinubu commended the UAE President for his unalloyed friendship and his determined effort to join hands with his government to fully normalize and reset to excellence, the standard of relations between the two countries.
Discover more from News Round The Clock
Subscribe to get the latest posts sent to your email.
