Nigeria, UAE non-oil trade hits $5bn in 2025 as Etihad to launch Abuja flights

Nigeria and the United Arab Emirates (UAE) recorded a significant boost in non-oil trade, which rose to $5 billion in 2025, with both countries projecting further growth in economic cooperation and investment flows.

The UAE Ambassador to Nigeria, Salem Saeed Al-Shamsi, disclosed this during a visit to the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, in Abuja.

According to a statement issued by the Special Assistant on Communication and New Media to the Minister of Foreign Affairs, Dr. Magnus Eze, the ambassador said trade between both countries increased from $4.3 billion in 2024 to $5 billion in 2025.

He expressed optimism that the volume of trade could rise to about $8 billion by 2027 if current engagement efforts are sustained.

Al-Shamsi also announced that First Abu Dhabi Bank (FAB) would soon begin operations in Lagos, a move expected to deepen financial and investment ties between both countries. He further disclosed that Etihad Airways would commence flights to Abuja later in the year, expanding aviation connectivity.

On visa issues, the ambassador said challenges affecting Nigerian travellers had been largely resolved, adding that Nigerians now experience smoother visa processing. He noted that over 15,000 Nigerians travelled to the UAE in the past year following the easing of restrictions.

He also reaffirmed the UAE’s commitment to supporting Nigeria in the fight against terrorism, stating that his country has consistently condemned terrorist attacks in Nigeria through official statements.

The envoy delivered a letter of congratulations from the UAE leadership to the Nigerian foreign minister, marking continued diplomatic engagement between both nations.

In response, Odumegwu-Ojukwu expressed satisfaction with the progress in bilateral relations, particularly improvements in visa processing and trade expansion.

She said Nigeria remains committed to creating a more favourable environment for foreign direct investment, including partnerships with UAE sovereign wealth funds and private sector investors.

The minister also highlighted ongoing efforts to implement the Comprehensive Economic Partnership Agreement (CEPA) recently signed by both countries, noting that it is expected to strengthen economic ties and expand opportunities for businesses, professionals, and workers.