Nigeria, Saudi Arabia Strengthen Diplomatic Ties to Boost Economic Cooperation

Nigerian authorities are deepening collaborations with Saudi Arabia to enhance economic relations and explore mutual opportunities for growth.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, highlighted this during a courtesy visit by the Saudi Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi.

Cardoso, who commended Saudi Arabia’s hospitality during the AIUla event, reaffirmed Nigeria’s commitment to expanding economic partnerships with the Gulf nation.

In response, Ambassador Alghamdi expressed appreciation for Nigeria’s warm reception and reiterated Saudi Arabia’s interest in strengthening bilateral cooperation.

Both nations aim to leverage their respective strengths to drive economic growth, enhance trade, and ensure long-term stability.

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