JUST-IN: President Tinubu Departs UAE Enroute Nigeria

• The immediate restoration of flight activity between the two countries, negotiated between the two Heads of State, does not require immediate payment from the Nigerian government
• President Tinubu is pleased to announce the successful negotiation of a joint foreign exchange liquidity program between the two governments

After a fruitful bilateral meeting in the Arab nation, President Bola Tinubu has left the UAE and returned to Nigeria.

The Nigerian president discussed the diplomatic dispute between his country and the UAE with His Highness Sheikh Mohamed bin Zayed Al Nahyan.

Recall that President Tinubu and his UAE counterpart reached a historic deal on Monday in Abu Dhabi, which led to the immediate lifting of the visa requirement for visitors from Nigeria.

The historic agreement also requires both Emirates Airlines and Etihad Airlines to begin its flight schedules into and out of Nigeria right now, without additional delay.

As negotiated between the two Heads of State, this immediate restoration of flight activity, through these two 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.

Additionally, President Tinubu is pleased to have successfully negotiated a joint, new foreign exchange liquidity programme between the two Governments, which will be announced in detail in the coming weeks.

In conclusion, the President wishes to commend the UAE President, Mohamed bin Zayed Al Nahyan, for his unalloyed friendship and his determined effort to join hands with him to fully normalize and reset to excellence, the standard of relations between the two important countries.