NACCIMA Hails Nigeria-UAE CEPA as Game-Changer for $1 Trillion Economy Goal, Tariff-Free Trade"
This follows ongoing economic diplomacy under President Tinubu, including Nigeria's push for green finance (seeking up to $30 billion from UAE sources) and related deals like a separate MoU on port development, maritime logistics, and digital solutions with Abu Dhabi Ports Group. The agreement is seen as opening doors for Nigerian businesses to operate in the UAE and vice versa, amid global sustainability and trade shifts. The CEPA was signed by Nigeria's Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, and UAE's Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi. It was witnessed by President Bola Ahmed Tinubu of Nigeria and UAE President Sheikh Mohamed bin Zayed Al Nahyan. Core Objectives and Benefits: Eliminates or significantly reduces tariffs on thousands of products (over 7,000 Nigerian exports gain duty-free or preferential access to the UAE market, while Nigeria removes tariffs on around 6,000 UAE products). Boosts market access for Nigerian ...