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Home Economy

FG Strengthens Economic Ties with Saudi Arabia, Targets FDI Inflows

Victoria Emeto by Victoria Emeto
September 22, 2025
in Economy
0
FG Strengthens Economic Ties with Saudi Arabia, Targets FDI Inflows

The Federal Government has reaffirmed its commitment to strengthening economic relations with the Kingdom of Saudi Arabia and the wider international community, as part of renewed efforts to reposition Nigeria’s economy and boost foreign direct investment (FDI).

Minister of State for Finance, Dr. Doris Uzoka-Anite, stated this while delivering a keynote address titled “GCC-Nigeria Partnership – Shaping New Growth Pathways” at the Money20/20 Middle East Conference in Riyadh, Saudi Arabia.

According to a statement issued by the Ministry’s spokesperson, Mohammed Manga, Nigeria’s participation at the global fintech and investment gathering provided an opportunity to showcase investment opportunities, attract FDI inflows, and foster broader economic cooperation.

Highlighting the administration’s economic reform agenda, Uzoka-Anite said:

“Under the leadership of President Bola Ahmed Tinubu, Nigeria is building a rules-based financial system that enables innovation while safeguarding stability. Our engagements in Riyadh advanced concrete partnerships across capital markets, trade, and technology.”

During the conference, the minister also joined a fireside chat on balancing innovation with financial stability and held bilateral meetings with senior Saudi officials to deepen economic ties.

The government says such global engagements are crucial to positioning Nigeria as a competitive investment destination and diversifying its economic base.

Tags: #EconomicCooperation#FDI#NigeriaEconomy#NigeriaSaudiRelations
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