The benefits of Bola Tinubu's trips to india and UAE to Nigerians

It is know to Nigerians that President Tinubu traveled to New delhi,India for the G20 sumit and latter moved to UAE to meet with the king. 

According sources, there are gains for Nigerians from these trips by Mr. President of  President.

Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria, without any further delay.

The immediate restoration of flight activity, through these two airlines and between the two countries, does not involve any immediate payment by the Nigerian 

Several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defense, agriculture and others, by the investment arms of the Government of the United Arab Emirates. 

New foreign exchange liquidity programme between the two Governments and the lifting of the visa ban that was slammed on Nigerians by the UAE government.

These will be made know to the public in the coming week.

Also Part of the Agreement signed is a joint new foreign exchange liquidity programme between Nigeria and the UAE, through the Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund owned by the Emirate of Abu Dhabi in the UAE that manages the emirate's excess oil reserves is estimated to worth $853 billion( largest in the world).

This will come in two ways which is currency swap deal: where we exchange the naira for the UAE dirham and buying of stakes in our state owned companies( NSIA, NNPC, NLNG). 

This is a situation where UAE buys a part of the any profitable state owned company in $ billion equivalent in return. 

While in India the president met with some india investors who has pledged to invest more in Nigerians economy. 

These investments includes PETROCHEMICALS which Indorama petrochemical company in Rivers State pledged $8bn worth of investments to expand the facilities thereby creating more jobs for Nigerians.

 STEELS the Jindal Steels company pledged an investment of $3bn in iron ore processing in Nigeria to aid Nigeria’s drive for industrialization.

 POWER Skipperseils limited a manufacturer of power transmission and distribution company plans to invest $1.6bn in the power sector by building 2000MW power plants across the country in 4 years.

 SECURITY The Defence Industry Corporation Of Nigeria(DICON) got a $1bn investment pledge that will take its self sufficiency to 40% by 2027.

DIGITAL ECONOMY - Bharti Enterprise pledged a $700m worth of investments to create jobs in telecom, space communications, real estate, insurance and hospitality.

In all these pledges, there were several MOUs signed by the concerned ministers in the areas of knowledge transfer and inter government collaboration.