Nigeria, Saudi Arabia Strengthen Economic Ties at Money20/20 Conference
Nigeria and Saudi Arabia have taken fresh steps to strengthen their economic partnership, with both countries agreeing to deepen cooperation in capital markets, trade, and technology.
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, led Nigeria’s delegation to the Money20/20 Middle East Conference in Riyadh, where she delivered a keynote address titled “GCC-Nigeria Partnership – Shaping New Growth Pathways.”
Dr. Uzoka-Anite said Nigeria’s renewed engagement with the Gulf region reflects the Federal Government’s drive under President Bola Ahmed Tinubu to reposition the economy, attract foreign direct investment (FDI), and promote sustainable growth.
“Under the leadership of President Bola Ahmed Tinubu, Nigeria is building a rules-based financial system that enables innovation while safeguarding stability,” she stated.
Read Also:
The minister explained that the Riyadh engagements provided opportunities to showcase Nigeria’s fintech ecosystem and broader investment landscape to global investors.
On the sidelines of the conference, Dr. Uzoka-Anite joined a fireside chat on balancing financial stability with innovation and held bilateral talks with senior Saudi officials. The meetings, according to her, resulted in agreements to advance work on capital markets cooperation, trade facilitation, and investment promotion.
The outcomes of the visit, officials said, reaffirm both nations’ commitment to unlocking new opportunities for economic growth and development. They also position Nigeria to leverage cutting-edge technology and strengthen its role in the global financial system.
With these developments, Nigeria expects to attract significant foreign investment and deepen its economic integration with Saudi Arabia and other Gulf Cooperation Council (GCC) countries.
By PRNigeria
