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Nigeria, UAE move to expand trade ties

Minister of Solid Minerals Development, Dr Dele Alake, has canvassed enhanced trade relations between Nigeria and the United Arab Emirates (UAE), with an emphasis on solid minerals.

Speaking while receiving in the audience the UAE Ambassador to Nigeria, Salem Shaeed Al Shamsi, in Abuja, Alake reflected on the historical significance of the over 50 years robust relationship between the two nations, emphasising the need to deepen these ties through expanded trade in the mining sector.

He said: In the mining sector, we see significant opportunities for collaboration. While there is considerable trade in gold, much of it remains illegal, with a large portion of Nigerian gold ending up in the UAE unlawfully. We propose working together to develop strategies to curb illegal gold trade and establish a regulatory framework that legitimises this trade, allowing both countries to maximise their benefits.”

Alake…
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