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President Bola Ahmed Tinubu has announced the successful conclusion of negotiations on a Comprehensive Economic Partnership Agreement (CEPA) between Nigeria and the United Arab Emirates, describing the deal as a major step toward attracting investments that deliver jobs, value addition and sustainable growth in Nigeria.
Speaking Tuesday at the 2026 Abu Dhabi Sustainability Week, Tinubu told global investors that Nigeria is seeking economic partnerships that go beyond resource extraction and instead support domestic industrialisation and inclusive development. He said Nigeria remains “open and ready for business,” while prioritising investments that create long-term value for its people.
“Our objective is clear: Nigeria is seeking partnerships that go beyond resource extraction and deliver jobs and value at home,” Tinubu said. “We want investments that strengthen our industries, expand access to electricity and support sustainable growth.”
The president disclosed that the newly concluded agreement with the UAE is expected to deepen investments in key sectors including renewable energy, infrastructure, logistics and digital trade. According to him, the partnership aligns with Nigeria’s broader strategy to transition to a greener economy while accelerating industrial development.
Tinubu also outlined plans to attract billions of dollars in climate finance, stressing that Nigeria is positioning itself to unlock significant funding to support energy access and industrial expansion. “Nigeria is working to unlock up to $30 billion annually in climate and green industrialisation finance through carbon market reforms, green bonds and a decentralised electricity system designed to reach underserved communities,” he said.
He warned that developing economies must not be forced to choose between climate action and economic development, insisting that both goals can and must be pursued simultaneously. “Developing countries should not be made to choose between climate responsibility and development. What we need is predictable climate financing, technology transfer and capacity building,” Tinubu stated.
The president added that Nigeria’s reform agenda is focused on creating a stable and transparent investment environment that encourages long-term partnerships. “Our reforms are designed to give investors confidence, ensure accountability and support sustainable growth across critical sectors of the economy,” he said.
Tinubu’s remarks formed part of Nigeria’s engagement with global leaders and investors at the Abu Dhabi Sustainability Week, where climate action, green financing and sustainable development remain at the centre of discussions.
Boluwatife Enome
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