By Abigael Joshua
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 the News Agency of Nigeria (NAN) 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. (NAN)(www.nannews.ng)
Edited by Sadiya Hamza
