The Federal Government has reaffirmed its commitment to strengthening economic ties with the Kingdom of Saudi Arabia and the wider international community, as part of renewed efforts to reposition Nigeria’s economy and attract foreign direct investment (FDI).
Minister of State for Finance, Dr. Doris Uzoka-Anite, made this known 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 Spokesperson of the Ministry, Mohammed Manga at the weekend, Nigeria’s participation in the global fintech and investment gathering provided an avenue to showcase the country’s investment opportunities, drive FDI inflows, and promote broader economic cooperation. The statement qouted Uzoka-Anite as saying, “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 featured in a fireside chat on balancing innovation with financial stability, while holding bilateral meetings with senior Saudi officials.
These engagements, she explained, led to agreements to deepen cooperation in areas such as capital markets development, trade facilitation, and investment promotion.
“The outcomes of this visit underscore the commitment of both nations to deepen economic cooperation and unlock new opportunities for growth and development. With these developments, Nigeria is poised to attract significant foreign investment, leverage cutting-edge technology, and further cement its position as a key player in the global economy,” the statement added.
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