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UAE Commits to Long-Term Trade and Investment in Nigeria

UAE Commits to Long-Term Trade and Investment in Nigeria

The UAE has reaffirmed its commitment to long-term investments and trade growth in Nigeria, as stated by Saeed bin Mubarak Al Hajeri, the UAE Minister of State for Foreign Affairs. He noted that Nigeria is becoming an increasingly important partner within the UAE's broader engagement across Africa.

The relationship is driven by long-term economic priorities rather than short-term global developments. Al Hajeri highlighted that non-oil trade between the two countries has significantly expanded over the past five years, reflecting a broader diversification of economic engagement.

The UAE's investment strategy aims to strengthen infrastructure, logistics, and energy sectors to drive long-term economic development. The UAE plans to broaden its engagement with Nigeria beyond trade, focusing on innovative economic transformation.

Additionally, the UAE's partnership across Africa spans 50 countries and covers various sectors, including sustainable energy, food security, and digital transformation. The UAE is committed to being a reliable long-term partner for Africa, fostering mutual prosperity.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

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