Business

UAE/Nigeria trade deal would put pressure on scarce forex – Ugodre

The trade deal between the United Arab Emirates and Nigeria would put more pressure on Nigeria’s scarce foreign exchange according to the founder/Chief Analyst of Nairametrics, Ugodre Obi-Chukwu.


In an interview with News Central, Ugodre noted that the UAE is an important hub for Nigerians who engage in businesses within the Middle East and Asia.


Speaking on the importance of the renewed economic ties between both countries which was established following President Tinubu’s visit to the Gulf state, Ugodre emphasized the importance of the gulf country to Nigeria. He said: