Trade relations between Nigeria and the United Arab Emirates rose to a record $4.3bn for non-oil commodities in 2024, The PUNCH reports.
In a statement on Monday, the UAE Consul-General in Lagos, Salem Al Jaberi, stated this during a visit by Master’s degree students from the Department of Diplomacy and Strategic Studies at the University of Lagos, who were on a visit as part of their practical exposure in learning.
Speaking during the visit, Al Jaberi described Africa as a unique hub for business investments, stressing that the UAE in 2024 had the second-highest foreign direct investment ratings on the continent of Africa.
He noted that the Consulate General of the UAE in Lagos was the first in Africa, stressing that Nigeria is one of the Emirates’ most strategic partners in the region, “even as Lagos serves as the economic capital.”
“The trade relations between the UAE and Nigeria reached $4.3bn for non-oil commodities in 2024. However, the numbers could be much higher with better partnerships across the board,” the Consul General said. Al Jaberi maintained that the numbers could be much higher, adding that there is a need for more partnerships.
