Nigeria UAE Trade Reaches $5bn as Non-Oil Ties Expand

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Nigeria UAE trade reached approximately $5 billion in 2025, according to the Ambassador of the United Arab Emirates to Nigeria, Salem Saeed Al-Shamsi, highlighting growing economic relations between both countries beyond the oil sector.

The envoy disclosed the figure during activities marking stronger bilateral engagement between Nigeria and the UAE. He said the value reflects increasing commercial exchanges, investment flows and cooperation in key sectors of the economy as both countries continue efforts to deepen economic partnerships.

The development comes as Nigeria seeks to diversify revenue sources and strengthen non-oil exports under ongoing economic reforms. Government officials have repeatedly identified trade expansion, foreign direct investment and industrial development as critical components of long-term economic growth.

According to Al-Shamsi, the estimated $5 billion recorded in 2025 was generated largely through non-oil commercial activities, demonstrating the expanding scope of economic relations between the two nations. He noted that cooperation now extends beyond traditional energy interests into finance, technology, logistics, agriculture and infrastructure development.

One of the notable developments highlighted by the envoy was the planned commencement of operations of First Abu Dhabi Bank in Lagos. The bank’s entry into Nigeria is expected to strengthen financial connectivity between both countries and support investment opportunities for businesses seeking cross-border partnerships.

The ambassador said the UAE remains committed to supporting economic cooperation with Nigeria through increased investment and trade facilitation initiatives. He also pointed to the growing interest of Emirati investors in sectors considered strategic to Nigeria’s economic diversification agenda.

Economic relations between Nigeria and the UAE have expanded significantly over the years through trade, aviation, investment and business partnerships. The relationship gained renewed attention following efforts by both governments to improve diplomatic and commercial engagements after previous policy and travel-related concerns between the two countries.

Analysts view the growing commercial relationship as part of Nigeria’s broader strategy to attract foreign capital and expand access to international markets. Increased investment from foreign financial institutions could also improve financing opportunities for businesses operating in manufacturing, services and export-oriented industries.

The latest Nigeria UAE trade figures further underscore the importance of non-oil commerce in Nigeria’s economic outlook. As both countries deepen cooperation across multiple sectors, policymakers and investors will be watching for additional agreements, investment commitments and trade initiatives that could further strengthen bilateral economic relations.

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Okey Ugwu

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