Raphael Oni
The Tinubu Stakeholders Forum (TSF) has hailed the signing of the Nigeria-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) as a game-changer for Nigeria’s non-oil sector. The agreement is expected to strengthen Nigeria’s non-oil economy, drive export diversification, and create sustainable jobs.
Under the CEPA, 7,315 Nigerian products will enjoy preferential, duty-free access to the UAE market, with 2,805 products receiving immediate tariff elimination. The agreement is set to benefit various sectors, including agriculture, manufacturing, and services.
“The CEPA is a significant step towards accelerating non-oil exports and promoting economic growth,” said Ahmad Sajoh, Chairman of TSF. “Nigerian businesses and exporters should seize this opportunity to expand their presence in the UAE market.”
The agreement also strengthens Nigeria’s position as a credible investment destination and gateway to the ECOWAS region and the African Continental Free Trade Area.
With Nigeria’s non-oil sectors accounting for approximately 96% of national GDP, the CEPA is expected to drive growth, industrial expansion, and inclusive economic transformation.
