The decision was reached after President Bola Tinubu met with Mohamed bin Zayed Al Nahyan, UAE president, at Abu Dhabi, on Monday.
The United Arab Emirates (UAE) has rescinded the visa ban previously imposed on travelers from Nigeria.
President Bola Ahmed Tinubu and the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, in Abu Dhabi, finalised a historic agreement that has resulted in the immediate cessation of the visa ban placed on Nigerian travellers.
Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, disclosed this in a statement on Monday.
As part of the agreement between both governments, Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria without 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.
“In recognition of President Tinubu’s economic development diplomacy drive and the proposals today presented by President Tinubu to his counterpart, an agreed framework has been established, which will involve several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defence, agriculture, and others, by the investment arms of the Government of the United Arab Emirates.
“Additionally, President Tinubu is pleased to have successfully negotiated a joint, new foreign exchange liquidity programme between the two governments, which will be announced in detail in the coming weeks.
“In conclusion, the President wishes to commend the UAE President, Mohamed bin Zayed Al Nahyan, for his unalloyed friendship and his determined effort to join hands with him to fully normalise and reset the standard of relations between the two important countries to excellence,” the statement reads.
Recall that Tinubu made a technical stoppage in the UAE after attending the G-20 Summit in India.