The Economic Benefits Of Resumption of Emirate Flights To Both Nigeria and UAE.
The return of Emirates Airline to Nigeria will no doubt bring a lot of benefits to both countries and also engender pricing competition among airlines.
It is expected to bring significant economic benefits to both countries.
With the lifting of the visa ban and resumption of flights in July 2024, after a two-year break, the trade relationship between Nigeria and the UAE is set to grow
It is a positive development for both countries, with potential benefits extending to trade, tourism, job creation, and economic growth.
The benefits includes increased tourism as the resumption of flights which will make it easier for tourists to visit Nigeria, boosting the country’s tourism industry and generating revenue
Another area that the country is expected to benefit, is in the area- of improved trade: Emirates’ cargo arm, Emirates SkyCargo, will provide over 300 tonnes of bellyhold cargo capacity weekly, supporting Nigerian businesses by exporting goods to key markets such as the UAE, Malaysia, Hong Kong, and Bahrain ².
This will also lead to job creation, as increased economic activity is expected to create jobs, both directly and indirectly, in the aviation and tourism sectors.
On the other hand, the UAE stands to benefits tremendously also in the areas of enhanced trade relations. The resumption of flights will strengthen trade ties between the UAE and Nigeria, with the UAE exporting refined petroleum and Nigeria exporting gold.
The improved trade relationship is likely to attract investments from the UAE to Nigeria, contributing to economic growth and development.
It will generate revenue for Emirates, which had previously stopped flights due to unpaid foreign exchange of $137 million ¹.
Overall, Emirates SkyCargo’s support will help Nigerian businesses expand their global reach, increase trade volumes, and contribute to the country’s economic growth.
With the resumption of Emirates flights to Nigeria, Emirates SkyCargo will provide over 300 tonnes of bellyhold cargo capacity weekly, facilitating the export of Nigerian goods to key markets such as the UAE, Malaysia, Hong Kong, and Bahrain
Key Benefits for Nigerian Businesses:
Emirates SkyCargo will enable Nigerian businesses to export goods like Kola Nuts, food and beverages, and urgent courier material to international markets ¹ ².
– _Improved Import Capabilities_: The cargo arm will also import vital goods such as pharmaceuticals and electronics from key markets like the UAE, India, and Hong Kong ¹ ².
– _Efficient and Reliable Transportation_: Emirates SkyCargo’s multi-vertical specialized product portfolio ensures quick, efficient, and reliable transportation of goods ¹ ².
– _Enhanced Trade Relations_: By bolstering trade between Nigeria and the UAE, Emirates SkyCargo will strengthen the economic ties between the two nations