President Bola Tinubu has commended a major industrial partnership between Nigeria and the United Arab Emirates, describing it as a significant milestone in the Federal Government’s drive to deepen foreign direct investment, expand local manufacturing capacity and strengthen export infrastructure.
The President gave the commendation following the signing of a Memorandum of Understanding (MoU) between BUA Group and UAE-based firms, Abu Dhabi Ports and Mair Group, aimed at accelerating industrial development and logistics efficiency in Nigeria.
In a statement issued on Sunday by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, President Tinubu said the agreement underscored the growing confidence of international investors in Nigeria’s reform agenda and long-term economic prospects.
According to him, the partnership is expected to support the development of modern industrial zones, enhance port-linked manufacturing, and improve supply chain infrastructure critical to Nigeria’s industrialisation drive.
“This agreement reflects our administration’s commitment to creating a business-friendly environment that attracts credible investors and delivers sustainable economic growth,” the President said. “It aligns with our vision of positioning Nigeria as a leading industrial and export hub in Africa.”
President Tinubu noted that strategic collaborations of this nature would help unlock value across key sectors, including cement production, agribusiness, petrochemicals and logistics, while also creating thousands of direct and indirect jobs for Nigerians.
He assured investors of the Federal Government’s readiness to provide policy stability, infrastructure support and regulatory clarity to ensure the successful implementation of such large-scale projects.
The MoU, signed by representatives of the three companies, is expected to focus on port and logistics infrastructure, integrated industrial facilities and trade facilitation, leveraging the technical expertise of Abu Dhabi Ports and Mair Group alongside BUA Group’s extensive manufacturing footprint in Nigeria.
Industry analysts say the agreement could significantly boost Nigeria’s non-oil exports by improving access to efficient ports and industrial platforms linked to global markets.
President Tinubu reaffirmed Nigeria’s commitment to strengthening bilateral economic ties with the UAE, adding that the partnership represents a shared vision of inclusive growth, industrial innovation and mutually beneficial cooperation.
He expressed optimism that the agreement would translate into tangible projects that support Nigeria’s economic diversification agenda and enhance its competitiveness in regional and global trade.
