Categories: BusinessNews

Tinubu hails BUA’s strategic MoU with UAE ports, MAIR Group

President Bola Ahmed Tinubu has commended the signing of a strategic Memorandum of Understanding (MoU) between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group in Abu Dhabi, describing it as a landmark industrial and trade breakthrough.

The President said the agreement reflects the dividends of strengthened diplomatic ties and expanding economic cooperation following his recent engagements with the leadership of the United Arab Emirates, which prioritized trade, investment, infrastructure, and food security.

The MoU outlines collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions, with sugar refining and advanced logistics infrastructure planned for development in the UAE. According to the Presidency, the initiative is expected to enhance value addition, boost supply chain resilience, and strengthen structured trade flows between West Africa and the Gulf region.

President Tinubu highlighted that the partnership demonstrates growing international confidence in Nigeria’s reform agenda and reinforces the country’s commitment to export-led industrialization. He emphasized that the agreement also reflects the capacity of Nigerian enterprises to compete globally and form strategic alliances with leading international partners.

“Strategic diplomacy must translate into measurable economic gains,” President Tinubu said. “This partnership reflects the renewed momentum in Nigeria–UAE relations and our determination to position Nigeria as a competitive industrial and trading nation, while empowering Nigerian businesses to operate confidently on the global stage.”

The President further praised BUA Group’s industrial base in Nigeria, including its integrated food processing operations and investments in port infrastructure, as providing a strong foundation for expanded international trade integration. He also commended Alhaji Abdul Samad Rabiu, Chairman of BUA Group, for his continued investments across sectors of the Nigerian economy.

President Tinubu reaffirmed his administration’s commitment to deepening bilateral economic partnerships that attract investment, expand exports, strengthen Nigerian enterprises, and deliver sustainable prosperity for the country.

The MoU with AD Ports and MAIR Group marks a significant step in reinforcing Nigeria–UAE economic collaboration and strengthening regional and global trade linkages.

LUKMAN ABDULMALIK

Recent Posts

Gov Yahaya dissolves Gombe cabinet

Gombe State Governor Muhammadu Inuwa Yahaya has dissolved his Executive Council, directing all commissioners to…

7 hours ago

Trump vows to impose 50% tariffs on countries supplying weapons to Iran

United States President Donald Trump has warned that any country supplying military weapons to Iran…

8 hours ago

Insecurity: Muftwang summons LG chairmen, security chiefs

Plateau State Governor Caleb Mutfwang on Wednesday convened an expanded State Security Council meeting with…

9 hours ago

Akpabio commissions Lagos projects on Tinubu’s behalf

Senate President Godswill Akpabio on Wednesday inaugurated the Opebi-Mende-Ojota Link Bridge and the Multi-Agency Complex…

9 hours ago

Court sentences 4 Boko Haram terrorists to life imprisonment, convicts 14 others

The Federal High Court in Abuja has sentenced four Boko Haram terrorists to life imprisonment.…

10 hours ago

CAF president visits Senegal after AFCON trophy reversal

The president of the Confederation of African Football (CAF), Patrice Motsepe, was in Dakar, the…

11 hours ago

This website uses cookies.