In a move to strengthen ties, Saudi Arabia is exploring investment opportunities in Nigeria’s infrastructure sector. This follows a visit by a high-level Nigerian delegation to the oil-rich Gulf nation, led by Nigeria’s Finance Minister, Mr. Wale Edun.
During their visit, the delegation held important talks with key Saudi officials to discuss ways to collaborate on Nigeria’s growth. One of the highlights was a meeting with the Saudi Development Fund, where both sides explored how to work together on projects that would boost Nigeria’s infrastructure and overall economy.
The delegation also met with the Saudi Agricultural and Livestock Investment Company (SALIC), which reaffirmed its commitment to investing in Nigeria. SALIC’s focus is on improving food security, increasing agricultural output, and creating jobs – all key areas that could benefit Nigeria’s growing population.
Moreover, the Nigerian team engaged with Saudi EXIM Bank to discuss expanding trade between the two nations. The bank expressed interest in building deeper relationships with Nigerian financial institutions, setting the stage for future collaborations.
Prominent members of Nigeria’s delegation included Senator Abubakar Atiku Bagudu, Minister of Budget and National Planning, and Mr. Wale Tinubu, a key member of the Presidential Economic Coordination Council. This visit signals the start of a promising partnership aimed at advancing key sectors like agriculture, energy, and finance for the benefit of both nations.
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