The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reaffirmed the bank’s commitment to strengthening economic relations between Nigeria and Saudi Arabia. In a recent press statement, Cardoso expressed the CBN’s dedication to fostering mutually beneficial partnerships across key sectors, which are essential for driving economic growth. His remarks came during a courtesy visit by Saudi Arabian Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi, at the CBN headquarters.
Cardoso emphasized that the central bank would continue to explore opportunities aimed at improving economic ties between the two nations. He highlighted that such collaborations would yield tangible benefits for both Saudi Arabia and Nigeria, enhancing bilateral cooperation in various sectors. The CBN governor’s comments reflect the bank’s ongoing efforts to deepen ties and facilitate partnerships with international counterparts.
The Saudi Ambassador, Alghamdi, expressed his gratitude for the warm reception in Nigeria, also acknowledging the importance of expanding bilateral cooperation. He pointed out that Saudi Arabia was eager to collaborate with Nigeria in strategic sectors such as renewable energy, agriculture, and water connectivity. The ambassador emphasized that these areas of collaboration would contribute significantly to the prosperity of both nations.
This visit marks another step forward in the growing relationship between Nigeria and Saudi Arabia, with both countries looking to leverage their respective strengths for long-term economic growth. The partnership signals potential for increased investment and joint ventures, reinforcing both countries’ goals of economic diversification and stability.
SOURCE: PUNCH