Connect with us


Nigeria to explore more investment opportunities in UAE — Adebayo



The Minister of Industry, Trade and Investment, Mr Richard Adebayo, has said that Nigeria would explore more investment opportunities in the United Arabic Emirate (UAE).

According to a statement signed by Mr Julius Toba-Jegede, Special Assistant (Media) to the minister on Tuesday in Abuja, Adebayo disclosed this when he received the UAE Ambassador to Nigeria, Dr Fahad Al-Taffaq.

Adebayo said that the UAE and Nigeria had a long standing cultural and economic ties which required to be taken to the higher level of mutual benefits.

“We are concerned that our two countries are working together in beneficial manners in the areas of trade and investment.

“As a government, we hope to do more by ensuring that we increase the business figures between us.

“President Buhari is keen about seeing how the trade and investment potential in Nigeria will attract key business oriented nations like the UAE.

“We therefore seek cooperation of your government and its business stakeholders to encourage more of our ambitious business initiatives in the shores of UAE,” he said.

The ambassador, in his earlier remark, conveyed the congratulatory message of the UAE Government to the minister over his recent appointment.

He said UAE had shown interest in investing in Nigeria due to its huge trade and human resources potential.

Al-Taffaq expressed hope that with the necessary legal framework put in place by the Nigerian government, more UAE investors would come to Nigeria.

Al-Taffaq, who said he resumed duty in Nigeria in June 2018, described the Ministry of Industry, Trade and Investment as very important for UAE to work with in Nigeria.

He, therefore, used the opportunity to invite the minister to the “One Year Countdown for Dubai Expo 2020” scheduled to hold in the UAE Embassy in Abuja on 0ct. 20, 2019. (NAN)


Edited by Wale Ojetimi

Ella Anokam: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

Contact US: editor, nnnnews247

Ondo APC Primary: Kekemeke woos delegates, says no ‘use & dump’ of members Police nab man for allegedly raping minor after buying N20 sachet water Abia transport workers protest 25 months unpaid salaries              PTF calls for sustained Coronavirus protocols at airports France promises €7.6 bn to boost hospital staff pay NUJ deregisters Progressive Chapel in Nasarawa State  Para-Athletes, Coach commend Sports Minister over palliatives Banditry: FG distributes relief materials to IDPs in Sokoto Research report tasks investors on investment risk Nigeria’s stock market opens week with N55bn loss FRSC to begin enforcement of Coronavirus protocols in commercial vehicles in Katsina United States-based fertiliser coy to establish African branch in Kebbi 602 repentant Boko Haram members denounce membership Al-Hikmah Varsity: outgoing VC urges staff to be committed to duty Niger Assembly summons commissioners, others over Coronavirus response Reconsider suspension of 2020 WASSCE, NAPPS urges FG Court sentences man to 5 years imprisonment for possession of hard drugs Transport unions, FRSC sign agreement on Coronavirus safety measures in Kaduna Ekiti doctors’ strike not borne out of wickedness, insensitivity – NASS, NERC to partner on legal framework to protect investment in power sector Tinubu commiserates with Lagos Speaker over Braimoh’s death Court remands teenager over alleged murder Coronavirus Scare: AMAC secretariat safe, free – Chairman Nasarawa Assembly assures good working relationship with executive We’ll complete all ongoing projects in A’Ibom – Gov. Emmanuel FRSC tasks transport unions on compliance with Coronavirus protocols Coronavirus: FRSC directs transporters to sanitise vehicles, loading terminals EEDC donates PPE to frontline health workers in UNTH FG to initiate service delivery scheme in 7 states Alleged illegal property seizure: Court adjourns N8.1bn suit against Lagos until July 17 Bauchi Inquiry Committee seeks stakeholders’ support to end farmers, herders clashes Court admits 6 guns in evidence in alleged Taraba kidnap kingpin, Wadume, 6 others’ case Police seize 10 AK47 rifles, ammunition from suspected gunrunners in Taraba Marginalisation: Adopt dialogue, Warri council boss advises Itsekiri group Russian Agency to provide water solutions to parts of South Africa Schools projects: Ogun govt. warns contractors against use of substandard materials President predicts Coronavirus in Indonesia will reach peak in August-September Malami gives Sahara Reporters 7-day ultimatum to retract libelous, defamatory publications against him Thai hotel partially closed over Coronavirus-infected Egyptian Maize farmers call for end to insecurity to enhance food production Fake DSS personnel bags 12 years imprisonment Lockdown: 2 docked over alleged assault on policemen Fire guts World Trade Centre in FCT Brother of Tottenham’s Aurier shot dead in France Man, 28, remanded over alleged possession of firearms Association tasks Nigerians on peace, tolerance Military chopper crash kills 2 in Kenya Don calls for restoration of African values in tackling corruption Lawmaker advocates life or death sentence for killer herdsmen, bandits   We are not non indigenes in Nasarawa — Tiv Community