Nigeria Seals Strategic Economic Partnerships with Saudi Arabia to Boost Trade, Agriculture, Infrastructure

In a ground-breaking move to fortify economic ties, Nigeria has opened new frontiers of cooperation with Saudi Arabia, focusing on trade, agriculture, and infrastructure development.
The high-level visit to Riyadh, led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, signals a bold step toward unlocking opportunities for sustainable growth.
Representing President Bola Ahmed Tinubu and the Presidential Economic Coordination Council (PECC), Edun spearheaded discussions with top Saudi financial and development institutions, laying the groundwork for transformative partnerships.
Director of information and public communication, Muhammed Manga in a statement, indicated that talks with the Saudi EXIM Bank explored strategies to enhance export credit, insurance frameworks, and broaden market access—key measures expected to boost trade volumes between the two nations.
According to him, further engagements with the Saudi Development Fund and the Saudi Agricultural and Livestock Investment Company (SALIC) delved into plans to scale up investments in infrastructure and agriculture.
SALIC reaffirmed its commitment to advancing food security and job creation in Nigeria, promising responsible investment practices that prioritize economic inclusion.
The delegation also held strategic discussions with Saudi ministers overseeing finance, energy, and economic planning, highlighting Nigeria’s resolve to attract foreign investment and accelerate growth across critical sectors.
Accompanied by Senator Abubakar Atiku Bagudu, Minister of Budget and National Planning; Mr. Wale Tinubu, Presidential Economic Coordination Council member; and other key officials, the delegation emphasized Nigeria’s readiness for deeper economic integration with Saudi Arabia.
As both nations chart a path toward expanded cooperation, this landmark engagement sets the stage for robust investments, job creation, and shared prosperity in the years ahead.