The Federal Government signed a Comprehensive Economic Partnership Agreement with the United Arab Emirates to remove tariffs on some products.
A member of the Governing Board of the North East Development Commission, Rep. Sam Onuigboin, in an interview with the News Agency of Nigeria in Abuja on Tuesday, said that the game changer in Abu Dhabi was CEPA, which Nigeria signed with UAE at the Abu Dhabi Sustainability Week, which took place from Jan. 11–15.
NAN reports that Onuigbo was a member of the House of Representatives of Nigeria who represented Ikwuano/Umuahia North and South Federal Constituency and served as Chairman of the Committee on Climate Change in the House of Representatives of Nigeria during the 8th Assembly.
“The CEPA was signed in January 2026, and the UAE will eliminate tariffs on 7,315 Nigerian products. This includes immediate duty-free access for 2,805 products (38.3 per cent), with the remainder phased 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 is massive and would facilitate an environment for business persons in Nigeria, who have businesses that are verifiable and identifiable, to go over there and open offices, also to work there for three months and come back.
He commended President Bola Tinubu for the agreement, saying that the agreement was geared and targeted towards how to reposition Nigeria, create the enabling environment for employment, and, of course, make everybody happy.
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Nigeria is a nation of nearly 250 million people and has had, over the years, the challenge of not having 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, and electricity is a fundamental point to developing industrially, which Nigeria deems necessary.
Onuigbo lauded Nigeria’s participation at the Abu Dhabi summit, saying that the summit would further enable global economic opportunity for people to work together within Nigeria and UAE.
He added that the President’s collaboration would address the challenges and devastating effects of climate change, as well as build up Nigeria’s economy in 2026.
Source: Punch
