CBN Governor Olayemi Cardoso reaffirms Nigeria’s commitment to strengthening economic ties with Saudi Arabia, focusing on key sectors

[dropcap]T[/dropcap]he Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the bank’s dedication to strengthening economic cooperation between Nigeria and the Kingdom of Saudi Arabia.

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Cardoso made this known during a courtesy visit by the Saudi Arabian Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi, and his delegation to the CBN headquarters.

According to a statement from the bank on Sunday, the meeting focused on fostering partnerships across sectors vital for economic growth.

“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,” Cardoso said.

The CBN governor also expressed gratitude to the Saudi government for its hospitality during the recently concluded AIUla event, hosted by the Saudi Ministry of Finance in collaboration with the International Monetary Fund (IMF) Regional Office in Riyadh.

In response, Alghamdi conveyed Saudi Arabia’s eagerness to expand bilateral relations with Nigeria.

He highlighted the Kingdom’s interest in collaborating on strategic sectors like renewable energy, agriculture, and water connectivity.

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“We are eager to strengthen our relationship with Nigeria and explore mutually beneficial opportunities that will contribute to the prosperity of both nations,” Alghamdi stated.