Environment
Nigeria, UAE to waive tariffs on some products
The Federal Government has signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) to remove tariffs on selected products.
Rep. Sam Onuigbo a member of the Governing Board of the North-East Development Commission, disclosed this in an interview with newsmen in Abuja on Tuesday.
Onuigbo said that the agreement signed in Abu Dhabi from Jan. 11 to 15, marked a major breakthrough for Nigeria-UAE economic relations.
NAN reports that Onuigbo, a member of the House of Representatives of Nigeria who represented Ikwuano/Umuahia North and South Federal Constituency, served as Chairman, Committee of Climate Change during the 8th Assembly.
“Under the CEPA signed in January 2026, UAE will eliminate tariffs on 7,315 Nigerian products. This includes immediate duty-free access for 2,805 products (38.3 per cent).
” The rest will phase out over three to five years, covering agricultural and industrial goods.
“Similarly, under the Nigeria/UAE CEPA also signed in January 2026, Nigeria has eliminated tariffs on 6,243 products imported from UAE. That agreement creates these wonderful opportunities between Nigerians and the Emirates,” he said.
Onuigbo said that the agreement was massive as it would facilitate an environment for business owners in Nigeria.
He said the pact would enable verified Nigerian business owners to establish offices in UAE, operate for up to three months and return home with expanded commercial networks.
He commended President Bola Tinubu for the agreement, saying it aimed at repositioning the country while also creating an enabling environment for employment opportunities.
He reaffirmed Nigeria’s readiness for business, noting that the country also unveiled its carbon market framework policy to attract climate-focused investments
”Nigeria is a nation of nearly 250 million people and has had, over the years, the challenge of enough energy or power to be able to attain its economic and industrialisation targets.
“And because of that, Nigeria has been engaging in different activities, for instance, the Energy Transition Plan, enactment of the Climate Change Act, and the Electricity Act which the President signed barely eight days after he assumed office in 2023.
“This shows the importance of addressing the energy gap having enough energy. Electricity is a fundamental point to developing industrially which Nigeria deems necessary,” he said.
Onuigbo lauded Nigeria’s participation at the Abu Dhabi summit saying that the summit would strengthen global economic opportunity for people.
He added that the President’s collaboration would address the challenges and devastating effects of climate change as well as boost economic growth in 2026
Environment
LWC, Julius Berger seek stronger coordination on Lagos infrastructure
Environment
IYD: Climate experts advocate investment in African youth
Environment
PWDs: CCD Unveils Report On Climate Change Impacts, Urges Implementation
-
Opinion2 days ago
Ancestorial Worship: My Take (1)
-
News2 days agoFG Must Address Nigerians’ Concerns On Reforms -Shettima …Warns Against Misuse of AI, Social Media
-
Featured2 days agoTinubu Jets To S’Arabia For Lesser Hajj …Unveils Free Healthcare For Pensioners
-
News2 days ago
Lawmaker Sets Sights On Assembly Return …As Mammoth Crowd Grace Flag Handover Rally
-
Niger Delta2 days ago
Police Rescue Woman, 24, From Online Dating Kidnappers … Arrest Five Suspects
-
Politics2 days ago
My Administration’ll End Political Acrimony In Rivers – Chinda
-
News2 days ago
FG Approves King Amachree Airport In Rivers, Sets Conditions For Construction
-
Politics2 days ago
2027: Support Groups Pledge Grassroots Mobilisation For Tinubu, Rainbow Coalition Candidates
