Business

Nigeria, UAE scrap tariffs on over 13,000 goods

Dr Oduwole said that the tariffs removal was part of a new trade pact aimed at expanding market access for Nigerian goods, businesses, and professionals, under the Nigeria–UAE Comprehensive Economic Partnership Agreement signed in January 2026.

Published

10 months ago

January 14, 2026

OCHEFA

415 Views

•Dr Jumoke Oduwole

Nigeria and the United Arab Emirates have signed an agreement to eliminate tariffs on 13,000 manufactured products.

Dr Jumoke Oduwole, Nigeria’s Minister of Industry, Trade, and Investment disclosed this, saying that while the Federal Government has eliminated tariffs on 6,243 products imported from the UAE , they have removed tariffs on 7,315 products imported from Nigeria.

Under the agreement, Nigeria will immediately remove tariffs on 3,949 products, representing 63.3 per cent of the total, while phasing out tariffs on 2,294 products over five years. Nigeria excluded 123 products from tariff liberalisation.

On its part, the UAE will immediately eliminate tariffs on 2,805 products, representing 38.3 per cent of the total, remove tariffs on 1,468 products within three years, and on 3,042 products within five years.

The UAE excluded or prohibited 593 products.

Related Topics:Featured Nigeria–UAE bilateral trade Nigeria–UAE tariffs

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FG Secures $30m Grant from China for Grassroots Projects

Specific projects and beneficiary communities have not been announced.

Published

17 minutes ago

November 3, 2026

OCHEFA

3 Views

•President Bola Tinubu

The Federal Government has secured a $30 million grant from China to finance grassroots development projects aimed at reducing poverty and improving living conditions.

The grant is worth about ₦43 billion, or RMB200 million.The agreement was signed on Thursday, October 29, 2026, at the Federal Ministry of Budget and Economic Planning in Abuja.

A ministry statement released on Sunday said the funding will support community-based projects under the Nigeria-China Development Cooperation framework.

The money will finance projects under China’s Small but Beautiful initiative.

The scheme focuses on affordable, community-driven interventions that deliver direct benefits to residents. It is expected to address development needs in underserved communities, including access to essential infrastructure and economic opportunities.

Specific projects and beneficiary communities have not been announced.

Business

After Kenya, Dangote targets $10bn – $15bn refining, petrochemicals in Egypt

The final scale and structure of the proposed investment are still under discussion.

Published

42 minutes ago

November 3, 2026

OCHEFA

5 Views

Aliko Dangote is in talks with Egyptian authorities over an investment of between $10 billion and $15 billion in oil refining and petrochemicals.

The discussions gained momentum after Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid Saleh, visited Dangote Industries Limited’s headquarters in Lagos, with senior government and industry officials.

Dangote described the meeting as an opportunity to strengthen industrial cooperation and economic ties between African countries.

The final scale and structure of the proposed investment are still under discussion.