The president had traveled to the United Arab Emirates (UAE) for a diplomatic intervention after G20 Summit in New Delhi, India.

The Nigerian president reached an historic agreement with His Highness Sheikh Mohamed bin Zayed Al Nahyan while in the UAE, which has led to the lifting of visa ban on travellers 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 a further 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.

An agreed framework has been established in recognition of President Tinubu’s economic development diplomacy efforts and proposals. This framework will involve several billions of dollars in new investments from the investment arms of the UAE government into the Nigerian economy across a variety of sectors, including agriculture, defense, and other industries.

Additionally, President Tinubu is pleased to have concluded negotiations for a new cooperative foreign exchange liquidity initiative between the two governments, the specifics of which will be revealed in the coming weeks.