Nigeria signs CEPA with UAE to deepen trade, investment, technology transfer, and collaboration in energy, infrastructure, agriculture, and renewables

Nigeria has signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates, aiming to strengthen bilateral trade, investment, and collaboration across critical sectors, the Presidency confirmed on Saturday.

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Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed the development in an official statement, noting that the agreement was signed on the sidelines of the ongoing summit in Abu Dhabi.

The CEPA seeks to deepen economic cooperation between Nigeria and the UAE, enhance technology transfer, and promote joint initiatives in energy, infrastructure, agriculture, mining, and renewable energy.

President Bola Ahmed Tinubu, speaking at the summit, announced the launch of a joint Nigeria–UAE INVESTOPIA event in Lagos scheduled for February, designed to attract investment and strengthen partnerships across key sectors.

In addition, President Tinubu said Nigeria plans to mobilise up to $30 billion annually in climate and green industrial finance to accelerate energy transition reforms and expand electricity access nationwide.

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The agreement is expected to stimulate economic growth, create jobs, and attract foreign direct investment, signalling a renewed focus on strategic international partnerships for Nigeria’s economic development.