Bilateral Discussions: Faisal Alibrahim, Saudi Minister of Economy and Planning, met with Wale Edun and Abubakar Atiku Bagudu, Nigeria’s finance and budget ministers, to strengthen economic, investment, and trade relations.
Riyadh, December 26, 2024 – Faisal Alibrahim, the Minister of Economy and Planning of the Kingdom of Saudi Arabia, held a crucial meeting in Riyadh today with Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister for Economy, and Abubakar Atiku Bagudu, Nigeria’s Minister of Budget and Economic Planning. The meeting took place as part of the Nigerian delegation’s official visit to Saudi Arabia, aimed at deepening the economic ties between the two nations.
The discussions primarily focused on exploring avenues to strengthen bilateral cooperation in several key areas, including economic development, investment opportunities, and trade relations. Both sides expressed a shared interest in advancing collaboration and enhancing mutual benefits in these sectors, which have the potential to bolster economic growth and development in both countries.
Minister Alibrahim emphasized Saudi Arabia’s commitment to fostering stronger ties with Nigeria, noting that both nations can benefit from shared expertise and investment ventures. The two sides also discussed a variety of other topics of common interest, including the prospects for joint ventures, financing mechanisms, and future trade agreements that could help propel both economies toward greater prosperity.
The meeting underscores the Kingdom’s ongoing efforts to build stronger economic partnerships across the globe, in line with the objectives of Saudi Vision 2030, while Nigeria remains a key partner in Africa for Saudi Arabia’s international economic outreach. The visit also serves as a positive step toward enhancing Saudi-Nigerian collaboration on issues ranging from infrastructure development to energy investments.
