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Support for the government's foreign activities: Nigeria and Saudi Arabia sign a series of investment and cooperation agreements

14/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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A series of investment and cooperation agreements were signed on Friday, November 14, 2023, between Nigeria and Saudi Arabia. This is the Saudi government's commitment to invest in the modernization of Nigeria's oil refineries and to provide financial support to support the government's foreign activities, exchange rate reforms

.

Les accords entre le Nigeria l' Arabie Saoudite were concluded at a bilateral meeting between the Nigerian president Bola Tinubu and Saudi Crown Prince Mohammed bin Salman, on the sidelines of the Saudi-African summit in Riyadh. Nigeria is looking to invest more to revive an economy plagued by a shortage of foreign currency, double-digit inflation, widespread insecurity and the theft of crude oil, its main export. Tinubu also assured potential Saudi investors the security of their investments in Africa's largest economy, as he sought to strengthen ties between

the two countries.
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