Tinubu hails Nigeria UAE industrial pact as breakthrough for investment
President Bola Tinubu has hailed a new Nigeria–UAE industrial partnership as a major breakthrough that will attract fresh investment and boost local manufacturing. He spoke after BUA Group, Abu Dhabi’s AD Ports Group and UAE based Mair Group signed a strategic Memorandum of Understanding to develop industrial and logistics projects in Nigeria. Under the deal, the partners plan to establish integrated industrial zones, ports and logistics hubs that will support cement, petrochemicals, agriculture processing and other value adding industries. The projects are expected to tap into trade opportunities created by the Comprehensive Economic Partnership Agreement recently signed between Nigeria and the UAE. Tinubu said the agreement is proof that his economic diplomacy is yielding concrete results, with UAE government and private investors projecting more than 10 billion dollars in potential investments across key sectors. He described the partnership as a […]