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From Juliana Taiwo-Obalonye, Abuja
President Bola Ahmed Tinubu has commended a landmark Memorandum of Understanding (MoU) signed by Nigeria’s BUA Group with AD Ports Group and MAIR Group, describing it as a significant industrial and trade milestone stemming from renewed ties between Nigeria and the United Arab Emirates.
In a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the agreement, signed in Abu Dhabi, would focus on sugar refining, agro-industrial development and global logistics. The deal includes plans for new facilities in the UAE aimed at strengthening value addition, supply chains and trade corridors between West Africa and the Gulf region.
Tinubu linked the development to his recent state visits to the UAE, which prioritised trade, investment, infrastructure and food security cooperation. He said the agreement reflects growing international confidence in Nigeria’s economic reforms and reinforces the administration’s drive toward export-led growth.
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“Strategic diplomacy must translate into measurable economic gains,” 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 also highlighted BUA Group’s investments in food processing and port infrastructure in Nigeria as a strong foundation for expanded global trade operations. He commended the company’s Chairman, Abdul Samad Rabiu, for sustained investments across key sectors of the Nigerian economy.
“I must also commend the Chairman of BUA Group, Alhaji Abdul Samad Rabiu, who continues to believe and invest in various sectors of the Nigerian economy, and has shown the world that Nigerian companies are capable of playing on the global stage,” Tinubu added.
The President reaffirmed his administration’s commitment to strengthening bilateral partnerships that attract investment, boost exports and support long-term economic prosperity.
