UAE President Sheikh Mohamed bin Zayed Al Nahyan and Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, attended in Abu Dhabi today the signing ceremony of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Nigeria.

The agreement signals the start of a new chapter of increased trade and investment between the two nations.

Sheikh Mohamed said the agreement is a landmark development in UAE-Nigeria relations, noting it reflects the UAE’s ongoing commitment to enhancing global trade relations with nations around the world, with the aim of unlocking new avenues for mutual economic advancement and broader development.

President Tinubu emphasized the importance of the Comprehensive Economic Partnership Agreement in creating new opportunities for economic and trade cooperation.

He reaffirmed Nigeria’s commitment to achieving its objectives in a way that advances the shared development priorities of both countries.

The CEPA was signed by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Dr Jumoke Oduwole, Nigeria's Minister of Industry, Trade and Investment, on the sidelines of Abu Dhabi Sustainability Week.

The agreement will reduce tariffs and remove trade barriers, significantly boosting investment flows and creating opportunities in critical sectors such as technology, agriculture, precious metals, and energy.

Additionally, the deal aims to enhance public and private sector cooperation, strengthen supply chains, and empower SMEs to expand their reach in global markets.