Nigeria has taken another significant step toward deepening financial cooperation with the United Arab Emirates (UAE) as it continues to attract credible global capital to drive economic growth and development.
The Minister of State for Finance, Hajia (HM.) Doris Uzoka-Anite, held a strategic engagement with executives of First Abu Dhabi Bank (FAB) as part of discussions ahead of the bank’s planned entry into the Nigerian financial market through the establishment of a local branch.
The high-level meeting focused on enhancing financial intermediation between both countries, boosting capital inflows, and expanding the range of banking services available to support Nigeria’s ongoing economic reforms and key development priorities. Areas of interest included trade financing, investment banking, and support for infrastructure and private sector growth.
During the discussions, HM. Uzoka-Anite reaffirmed the Federal Government’s commitment to creating an enabling and transparent environment for international investors. She noted that the planned entry of First Abu Dhabi Bank into Nigeria reflects growing global confidence in the country’s reform agenda, macroeconomic adjustments, and improving investment climate.
According to the Minister, Nigeria remains open to partnerships with reputable global financial institutions that can support sustainable growth, strengthen the financial system, and facilitate increased trade and investment flows between Nigeria and its international partners.
First Abu Dhabi Bank, one of the largest financial institutions in the Middle East, is expected to leverage its global network and expertise to enhance banking services in Nigeria, further strengthening economic ties between Nigeria and the UAE.
