Abuja — President Bola Ahmed Tinubu has praised the signing of a strategic Memorandum of Understanding (MoU) between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group in Abu Dhabi.
Describing the agreement as a major industrial and trade milestone, President Tinubu said it reflects renewed Nigeria–UAE engagement under his administration. A statement from his spokesman, Bayo Onanuga, noted that the MoU is “a tangible dividend of strengthened diplomatic ties and expanding economic cooperation following recent state visits and high-level engagements with the leadership of the United Arab Emirates, which prioritised trade, investment, infrastructure, and food security.”
The MoU covers collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions, with sugar refining and advanced logistics infrastructure to be developed in the UAE. The initiative is expected to boost value addition, strengthen supply chain resilience, and deepen structured trade flows between West Africa and the Gulf region.
President Tinubu highlighted that the partnership signals growing international confidence in Nigeria’s reform agenda and reinforces the country’s commitment to export-led industrialisation. “Strategic diplomacy must translate into measurable economic gains,” he said. “This partnership reflects the renewed momentum in Nigeria–UAE relations and our determination to position Nigeria as a competitive industrial and trading nation, while empowering Nigerian businesses to operate confidently on the global stage.”
He also commended BUA Group Chairman Alhaji Abdul Samad Rabiu for his continued investments in various sectors of the Nigerian economy, noting that the company’s industrial base and port infrastructure upgrades provide a strong foundation for expanded international trade integration.
President Tinubu reiterated his administration’s commitment to deepening bilateral economic partnerships that attract investment, expand exports, strengthen Nigerian enterprises, and deliver sustainable prosperity for the nation.
Leave a comment