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Nigeria, S/Arabia agree to boost economic cooperation

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Nigeria, S/Arabia agree to boost economic cooperation

Nigeria and Saudi Arabia agreed to boost trade, investment and economic cooperation for mutual benefits.

Malam Garba Shehu, the senior special assistant to the president in charge of media and publicity, confirmed this development on Thursday to the Nigeria News Agency in Mecca, Saudi Arabia.

According to him, the Nigerian delegation led, discussed with the Saudis on several issues, including the need for their countries to continue coordination in the fight against extremism and terrorism.

Shehu, who spoke about the takeaways from the president’s visit to Saudi Arabia, said:

“For me, the most important is…. You that this summit itself was co-convened with over 5,200 participants and having chosen President Muhammadu Buhari of Nigeria to deliver the speech is in itself a major recognition for him and the Nigerian state.

“It was up to us to market Nigeria and make the most of these opportunities and I think the president did it so well – even the speech he read.

“Look at everything he said about Nigeria’s attractiveness in terms of investment and what his administration is doing to overcome the challenges on the ground that have stood in the way of investment.

“So I think the story of Nigeria was well told at this event, and we hope the response will be just as impressive. “

On Umrah, Shehu expressed the hope that Nigeria would gain the favor of Almighty God by meeting its challenges.

Members of the President’s delegation included the Ministers of Trade, Industry and Investment, Communications and the Digital Economy and the Ministers of State, Foreign Affairs and Petroleum.

The Managing Director of the Nigerian National Petroleum Corporation (NNPC) Group, Mele Kyari, the Managing Director of the National Intelligence Agency, Abubakar Rufa’i and the business leaders, Aliko Dangote, Abdulsamad Rabiu, Wale Tinubu and Alhaji Dahiru Mangal .

Also commenting on the Riyadh Investment Summit, Minister of Trade, Industry and Investment Niyi Adebayo said the forum provides Nigeria with the opportunity to educate the world on the many economic opportunities. and trade of the country.

He said: “It is always important for Nigeria to be in an international forum like this because it gives us the opportunity to tell our story.

“It gives us the opportunity to let the world know what we’re doing and why we think Nigeria is the best investment destination in Africa.

“I was at a forum recently and pointed out that anyone wishing to do business in Africa must do business with Nigeria first because if you are not doing business in Nigeria, you are not doing business in Nigeria. business in Africa.

“So we think we should come here, it’s an international forum; we should let the world know about Nigerian history.

“We are aware of the problems that we have and we are working to resolve these problems in order to create a favorable environment for investors,” he said.

Source: NAN

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