President Bola Tinubu has expressed appreciation for the recent signing of a strategic Memorandum of Understanding (MoU) involving Nigeria’s BUA Group and the Abu Dhabi Ports Group along with MAIR Group.
He characterized this MoU as a landmark achievement for industrial and trade relations stemming from the revitalized Nigeria-UAE collaboration under his leadership.
In a statement released on Monday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President noted that this agreement represents a real benefit of enhanced diplomatic relations and broader economic collaboration, following his recent official visits and high-level discussions with Emirati leaders focusing on trade, investment, infrastructure, and food security.
The MoU aims to foster cooperation in sugar refining, agro-industrial growth, and comprehensive logistics solutions, with a focus on developing sugar refining capabilities and advanced logistics infrastructure in the UAE. This initiative is projected to boost value addition, reinforce supply chain resilience, and facilitate structured trade pathways between West Africa and the Gulf region.
Tinubu remarked that this partnership reflects the increasing international trust in Nigeria’s reform agenda, further cementing the nation's dedication to industrialization driven by exports.
He added that the agreement showcases the capabilities of Nigerian businesses in competing on the global stage and forming essential partnerships with leading international firms.
The President stated, “Strategic diplomacy must translate into measurable economic benefits. This partnership exemplifies the revitalized momentum in Nigeria-UAE relations and underscores our commitment to positioning Nigeria as a competitive player in the industrial and trade sectors, while empowering Nigerian companies to operate confidently in global markets.”
Tinubu also highlighted that BUA Group's established industrial footprint in Nigeria, including its integrated food processing and significant investments in port infrastructure upgrades, offers a robust platform for expanding international trade relations.
“I must also extend my commendations to the Chairman of BUA Group, Alhaji Abdul Samad Rabiu, whose faith and continued investments across various sectors showcase that Nigerian enterprises can thrive globally,” Tinubu expressed.
The President reiterated his administration’s commitment to strengthening bilateral economic partnerships aimed at attracting investments, boosting exports, enhancing Nigerian businesses, and ensuring sustainable prosperity for the nation.
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