Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has emphasized the apex bank’s dedication to fostering stronger economic ties between Nigeria and the Kingdom of Saudi Arabia.
HEADLINENEWS gathered that during a courtesy visit by H.E. Faisal bin Ibrahim Alghamdi, the Ambassador of the Kingdom of Saudi Arabia to Nigeria, Cardoso highlighted the importance of collaboration across key sectors to drive economic growth.
Cardoso expressed the CBN’s readiness to play a critical role in promoting partnership between the two nations, stating that increased cooperation would yield substantial economic benefits
“The Central Bank of Nigeria remains committed to advancing partnerships that will deepen economic ties between Nigeria and Saudi Arabia. We will continue to explore opportunities that yield tangible benefits for both countries,” Mr. Cardoso stated.
He expressed his appreciation for Saudi Arabia’s hospitality during the AIUla event, hosted by the Saudi Ministry of Finance in collaboration with the International Monetary Fund (IMF).
In response H.E. Faisal bin Ibrahim Alghamdi, expressed his gratitude for the warm reception.
Alghamdi further emphasized Saudi Arabia’s keen interest in expanding bilateral cooperation with Nigeria, particularly in the renewable energy, agriculture, and water connectivity sectors.
“We are eager to strengthen our relationship with Nigeria and explore mutually beneficial opportunities that will contribute to the prosperity of both nations,” Ambassador Alghamdi stated.
The visit marks another milestone in Nigeria-Saudi relations, as both countries seek to leverage their respective strengths for long-term economic growth and stability.
