Northern Nigerian Breaking News

Nigeria, largest economy in Africa – UAE

33

The United Arab Emirates (UAE) on Wednesday, said Nigeria remained the largest economy in Africa.

This was contained in a statement signed by the Embassy of UAE in Abuja and made available to the News Agency of Nigeria (NAN).

It stated that the Embassy had commenced a series of trade and investment promotion activities aimed at bolstering the bilateral trade and investment volume between Nigeria and the UAE.

NAN reports that the trade promotion initiative was coordinated in collaboration with the UAE International Investment Council (UAEIIC), the UAE Ministry of Economy and the Federal Ministry of Industry, Trade and Investment in Nigeria.

According to the embassy, the initiative focuses on attracting key industry stakeholders and investors across all sectors in Nigeria and the UAE in a bid to develop and explore future trade opportunities.

gandG Header

Read Also:COVID-19: Nigeria to ban flights from UAE, The Netherlands

“Nigeria has been chosen among the 34 selected countries globally participating in the initiative because of its pivotal position as a top investment market in the West African region and its overall economic influence in Africa,” said the statement.

The UAE Minister of State, Ministry of Foreign Affairs and International Cooperation (MOFAIC), Sheikh Shakhboot Al Nahyan, expressed satisfaction with the level of trade, political and cultural partnership that existed between both countries.

“UAE is the ninth largest exporter to Nigeria globally, the UAE continues to see Nigeria as the largest economy in Africa and also an important, trusted partner.

“For decades, both countries have continued to nurture strong bilateral relations, particularly in the areas of trade and investment.

“To date, we remain Nigeria’s largest trade partner in the Middle East region, accounting for 35 per cent of Nigeria’s total trade with the region,” he said.

He added that over the past few years, there had been high-level political exchanges amid continuing mutual trust between both countries, which led to the signing of several key agreements aimed at solidifying overall bilateral relations.

“It is my desire that the existing relationship continues to grow as the global economy gradually recovers from the effects of the COVID-19 pandemic.

- Advertisement -

“Valued at 1.4 billion dollars in 2019, I will like to see this increase and look forward to working toward this in a mutual beneficial manner, ” he said.

In his remarks, The UAE Minister of State for Foreign Trade, Dr Thani Al Zeyoudi, was confident that the UAE/Nigeria ties would continue to grow in areas of trade and investment.

“UAE and Nigeria relationship is witnessing a positive development dominated by cooperation, respect and mutual interests.

“The two countries are enjoying growth rates of bilateral trade, while the volume of non-oil trade exchange reached 1.45 billion dollars by the end of 2019.

“Our goal is to increase non-oil bilateral trade based on huge trade and investment potential and promising opportunities in the two countries’ markets and vital sectors,” he said.

He also added that the Embassy actively partnered with several Nigerian government ministries, parastatals and the private sector in the UAE and Nigeria in the execution of media campaign of the trade and Investment promotion.

The Nigerian Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, reaffirmed Nigeria’s readiness to make UAE a top destination for exports because of its strategic position in the middle east region.

He said: “Moving forward, we hope to further strengthen our economic ties for economic development with common interest for both countries.

“We reaffirm Nigeria’s readiness to make UAE our preferred leading export markets because of her positioning as a strategic global and regional trade and investment hub.”

The Nigerian Minister of Mines and Steel Development, Arch Olamilekan Adegbite, said, “Trade between Nigeria and UAE had been on for a long time, albeit informally.

“I look forward to this collaboration to enhance what has been and to open up new vistas.”

The UAE Ambassador to Nigeria, Dr Fahad Altaffaq, underscored the need for both countries to jointly expand the spectrum of trade activities in the wake of the COVID-19 pandemic.

“While approaching the 40th anniversary of UAE-Nigeria relations, which began in 1982, we plan to continue providing platforms where UAE and Nigerian businesses can connect to identify ventures and opportunities particularly in emerging sectors.

“This includes, Artificial Intelligence (AI) FinTech and Space Exploration. The UAE is a top global investment hub and I encourage Nigerian investors to take advantage of the wide trade and investment opportunities,” he said. (NAN)

 

- Advertisement -

33 Comments
  1. cheap cvv says

    976373 84607Oh my goodness! an amazing article dude. Thank you Even so My business is experiencing issue with ur rss . Dont know why Unable to subscribe to it. Can there be anyone obtaining identical rss problem? Anybody who knows kindly respond. Thnkx 94238

  2. Ralphcatty says
  3. Stromsibra says

    stromectol for sale stromectol over the counter

  4. Ivergeld says

    ivermectin 500ml buy ivermectin online

  5. ChesterMes says
  6. ecstasy pills colors says

    327698 374266Thanks for the post. I like your writing style – Im trying to start a blog myself, I feel I may read thru all your posts for some suggestions! Thanks once more. 437345

  7. MichaelRot says

    how much is viagra buy viagra online usa

  8. MichaelRot says

    viagra for men best place to buy viagra online

  9. Shelbyneuse says

    doxycycline 100mg tabs doxycycline brand name

  10. HomerTak says

    medicine tadalafil tablets online pharmacy tadalafil 20mg

  11. RaymondLiz says
  12. RaymondLiz says

    https://buylipitor.store/# lipitor canada pharmacy

  13. JefferyBop says

    order neurontin online purchase neurontin canada

  14. Robertsmows says

    https://erectionpills.best/# compare ed drugs

  15. Steventriab says
  16. DanielPreem says

    doxycycline for sale doxycycline without prescription

  17. Steventriab says
  18. JamesVor says

    https://stromectoltrust.com/# stromectol 12 mg tablets

  19. Phillipwet says

    order stromectol over the counter stromectol 3mg tablets

  20. RobertoAboky says

    stromectol 12 mg tablets stromectol 12 mg tablets

  21. nova88 says

    782448 542221I ran into this page accidentally, surprisingly, this really is a fantastic web site. The site owner has done a fantastic job writing/collecting articles to post, the info here is really insightful. You just secured yourself a guarenteed reader. 326027

  22. LarryBat says

    https://pharmacyizi.com/# best pharmacy online

  23. Jefferyenvic says

    https://pharmacyizi.com/# the best ed pills

  24. KeithSek says
  25. Matthewstels says

    https://erectionpills.shop/# ed pills for sale

  26. ThomasStymn says

    https://erectionpills.shop/# ed treatment pills

  27. EarnestJoype says

    pharmacy prices Cefixime

  28. GeorgeWhope says

    https://canadiandrugs.best/# buy prescription drugs online

  29. sbobet says

    717251 578582This really is often a wonderful weblog, could you be interested in working on an interview about just how you developed it? If so e-mail myself! 308006

  30. Babe Ruth says

    Bisiklet tamir porn araması için 83⭐ porno filmi listeniyor.
    En iyi bisiklet tamir porn sikiş videoları
    7DAK ile, kaliteli sikiş videoları, türkçe izlenme rekoru kıran seks izle.
    Sevimli amatör bisiklet tamir dükkanında lezbiyenler.

    Eve tamir için geldi genç hatunun sulu ıslak Amcığını sikti.
    Zaten 4.

  31. 2. Mature Sex Images 3. Mature Sexy Pussy 4. XXXMaturePussyPics 5.
    PussyPics 6. Mature Porn Gallery 7. 8. Milf Pornstars Pics 9.

  32. Karaköy Genelevi önünde eylem yapan seks
    işçileri, altı genelevin mühürlenmesini protesto etti.
    Kadın Kapısı’ndan Kılıç, “Genelevler şahane yerler olmasa da.

  33. Kızının Genç Arkadaşına Aşık Oluyor Konulu Erotik izle.
    Süre: 90 Dk. Olgun bir adam, kızının seksi kız arkadaşına yakınlaşmaya,
    kısa süre sonra ise ona aşık olmaya başlar. Umulmadık bir olay yaşanır ve genç kız da bu
    yaşlı adama yakınlaşmaya başlar. Kısa süre sonra ise ikili yasak bir
    ilişki içine girerler.

Leave A Reply

Your email address will not be published.