Femi Otedola, the billionaire businessman, has applauded
President Bola Tinubu for resolving the United Arab Emirates (UAE) visa ban on
Nigerians.
On Monday, Ajuri Ngelale, the presidential spokesperson,
announced that Etihad Airlines and Emirates Airlines would resume flight
schedules into and out of Nigeria “without any further delay”.
Ngelale made the announcement after Tinubu met with Mohamed
bin Zayed Al Nahyan, UAE president, in Abu Dhabi.
Since 2021, UAE and Nigeria have been engaging in a diplomatic row over issues involving flight allocations and travel bans.
While commenting on the efforts by Tinubu to resolve the
impasse between Nigeria and UAE, Otedola said the resolution of the dispute
proved the president’s strong leadership qualities.
“We must all commend Mr President for his shrewd diplomacy
to finally resolve this matter,” Otedola
said in a statement.
“Only a leader who understands the importance of business
would appreciate the enormous opportunities to be derived from restoring
business relations between both countries.”
The chairperson of Geregu Power Plc said Nigeria had failed
to attract investments owing to the diplomatic strains, adding that the visa
ban reversal will improve Nigeria’s stock exchange.
“One of the understated benefits of this announcement is its
potential ability to transform the stock exchange,” the statement reads.
“Middle Eastern investors remain one of the most liquid across
the globe and it has been a shame that outside of a few investments in Dangote
Cement and Ecobank Transnational Incorporated, Nigeria has not been able to
attract capital from those regions.”
“Indeed, Asiwaju has demonstrated leadership and the difference
in style is like night and day. Tinubu is leading from the front and his
economic diplomacy which we pray he sustains, is going to drastically change
the image of the country, unlock foreign investments into the country and
improve Nigeria’s perception internationally.
“We must all join
hands to support this administration and we must all start seeing things beyond
our differences. Nigeria badly needs foreign exchange and this move by the
President will help improve forex inflows into the country. It is worthy of
commendation.”
‘NIGERIA ON PATH TO
GREATNESS, HARDSHIP ONLY TEMPORARY’
Otedola also applauded the president’s recent economic
decisions.
He said the hardship that Nigerians are facing at the moment
is temporary, assuring that the policies of Tinubu’s administration will soon
yield results.
“It must be pointed out that his bold policies since
assuming office, are the hallmark of a true leader who is not afraid or shy to
take actions as long as such actions are in the national interest,” Otedola
said.
“Without a doubt, the current hardship will ease once these
policies begin to bear fruits. I firmly believe the right measures are being
taken and we are headed in the right direction.
“Asiwaju Tinubu is
working, Nigeria will work. I advise my fellow countrymen and women to be patient.
“With Asiwaju’s policies, Nigeria will fully recover in a
few years. We are witnessing the storm before the calm.
“Now, the storm is
blowing away. I am certain, very soon, we’ll begin to experience the inevitable
calm and the progress that will naturally follow in a very short while.”
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