FG Eyes New Investment, Tourism Deals with Saudi Arabia
The Federal Government has expressed readiness to deepen investment, trade and tourism partnerships with Saudi Arabia as President Bola Ahmed Tinubu’s Renewed Hope Agenda creates new opportunities for economic growth and international collaboration.
The Minister of Information and National Orientation, Mohammed Idris, stated this on Tuesday at the Nigeria–Saudi Diaspora Investment and Tourism Exhibition Summit 2026 in Abuja.
Idris said the Federal Government was implementing reforms aimed at building a competitive and investor-friendly economy driven by enterprise, innovation and private sector growth.
“Nigeria is open for business and ready for deeper partnership with Saudi Arabia. Our economic reforms are creating new opportunities for investment, trade and tourism, and we invite investors to take advantage of the enormous potential our country offers,” the minister said.
He described the summit as an important platform for governments, investors and private sector stakeholders to forge practical partnerships that would expand trade, stimulate investment, create jobs and strengthen economic relations between Nigeria and Saudi Arabia.
According to him, the Tinubu administration’s Renewed Hope Agenda is transforming Nigeria’s investment landscape through reforms in infrastructure, economic diversification, agriculture, education financing, digital innovation, skills development and improved security.
The minister said the reforms were laying the foundation for sustainable economic growth while enhancing Nigeria’s competitiveness as a preferred destination for regional and global investment.
Idris also stressed the importance of projecting an accurate and confident narrative about Nigeria, noting that transparency, policy consistency and trust were essential to attracting investment.
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“Our responsibility is to continue projecting an accurate, balanced and confident narrative about Nigeria. Investment flourishes where there is transparency, policy consistency and trust. We are committed to ensuring that the world sees Nigeria for what it truly is—a country of immense opportunity, resilience and promise,” he said.
He further highlighted the role of Nigerians in the diaspora as ambassadors of the country’s economic potential, saying their expertise, professional networks and entrepreneurial success could strengthen bilateral relations and attract investment.
The minister urged participants to translate discussions at the summit into concrete outcomes through increased investment, technology transfer, tourism development, innovation partnerships and joint ventures.
“Let us move beyond dialogue to action. Let us build partnerships that create jobs, grow businesses, promote innovation and improve the lives of our people,” Idris said.
Also speaking, the Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, called for stronger economic collaboration between Nigeria and Saudi Arabia through diaspora-led investments.
Dabiri-Erewa urged investors to explore opportunities in real estate, agriculture, tourism, logistics and other strategic sectors, stressing that Nigerians in the diaspora remained critical partners in national development.
“Our diaspora contributes far more than remittances. They bring global expertise, market intelligence, credibility and valuable networks that can unlock investment and create jobs. Let us move beyond conversations to practical partnerships that will strengthen commercial ties between Nigeria and Saudi Arabia,” she said.
The summit brought together senior government officials, business leaders, investors, development partners and members of the Nigerian diaspora to explore opportunities for expanding investment, tourism and economic cooperation between Nigeria and Saudi Arabia.
Among those in attendance were Vice President Kashim Shettima, represented by the Special Assistant to the President on Export Expansion in the Office of the Vice President, Aliyu Bunu Sheriff; Kaduna State Governor, Uba Sani, represented by the Commissioner for Business, Innovation and Technology, Patience Fakai, and other dignitaries.
By PRNigeria
