Business & Economy
CBN Advocates Enhancing Nigeria-Saudi Arabia Economic Cooperation
- Cardoso expressed the CBN’s readiness to play a critical role in promoting partnership between the two nations, stating that increased cooperation would yield substantial economic benefits
- Alghamdi further emphasized Saudi Arabia’s keen interest in expanding bilateral cooperation with Nigeria, particularly in the renewable energy, agriculture, and water connectivity sectors.
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has emphasized the apex bank’s dedication to fostering stronger economic ties between Nigeria and the Kingdom of Saudi Arabia.
Eko Hot Blog gathered that during a courtesy visit by H.E. Faisal bin Ibrahim Alghamdi, the Ambassador of the Kingdom of Saudi Arabia to Nigeria, Cardoso highlighted the importance of collaboration across key sectors to drive economic growth.
EDITOR’S PICK
- Liverpool Punish Manchester City to Extend Premier League Lead to 11 Points
- Gunman Raid Church, Shoot Pastor, Kidnap Members
- FBI Tells Workers to Ignore Musk’s Proof of Work Request
Cardoso expressed the CBN’s readiness to play a critical role in promoting partnership between the two nations, stating that increased cooperation would yield substantial economic benefits
“The Central Bank of Nigeria remains committed to advancing partnerships that will deepen economic ties between Nigeria and Saudi Arabia. We will continue to explore opportunities that yield tangible benefits for both countries,” Mr. Cardoso stated.
He expressed his appreciation for Saudi Arabia’s hospitality during the AIUla event, hosted by the Saudi Ministry of Finance in collaboration with the International Monetary Fund (IMF).
In response H.E. Faisal bin Ibrahim Alghamdi, expressed his gratitude for the warm reception.
Alghamdi further emphasized Saudi Arabia’s keen interest in expanding bilateral cooperation with Nigeria, particularly in the renewable energy, agriculture, and water connectivity sectors.
“We are eager to strengthen our relationship with Nigeria and explore mutually beneficial opportunities that will contribute to the prosperity of both nations,” Ambassador Alghamdi stated.
FURTHER READING
- OSSIEC Issues Certificate of Return to Elected Chairmen in Osun LG
- Tola Adebiyi Hails Mandate Movement Leadership, Seeks Members’ Support
The visit marks another milestone in Nigeria-Saudi relations, as both countries seek to leverage their respective strengths for long-term economic growth and stability.
Click here to watch video of the week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at ekohotblog@gmail.com. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
