By NIyi Jacobs
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the Bank’s commitment to deepening economic cooperation between Nigeria and the Kingdom of Saudi Arabia.
Speaking during a courtesy visit by the Saudi Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi, and his delegation at the CBN headquarters, Cardoso emphasized the need for strengthened partnerships across critical sectors that drive economic growth.
“The Central Bank of Nigeria remains dedicated to fostering collaborations that will yield tangible benefits for both nations. We will continue exploring opportunities that enhance Nigeria-Saudi economic ties,” Cardoso stated.
He also commended the Saudi government for its hospitality during the recently concluded AIUla event, organized by the Saudi Ministry of Finance in partnership with the IMF Regional Office in Riyadh.
In response, Ambassador Alghamdi expressed Saudi Arabia’s keen interest in expanding bilateral cooperation, particularly in renewable energy, agriculture, and water connectivity.
“We are eager to strengthen our relationship with Nigeria and explore mutually beneficial opportunities that will contribute to the prosperity of both nations,” Alghamdi said.
The meeting underscores a renewed push for economic collaboration, as both countries seek to leverage their strengths for long-term growth and stability.
