By Faridat Salifu
The Kingdom of Saudi Arabia has expressed willingness to fund major infrastructure projects in Nigeria.
Sultan Al-Marshad, CEO of the Saudi Fund for Development (SFD), made the expression while leading a delegation to a meeting with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in Abuja on Saturday.
The high-level delegation, which included Saudi Arabia’s Ambassador to Nigeria, Faisal Alghamdi, and other key Nigerian officials, focused on enhancing economic cooperation.
Related Posts
Discussions emphasized industrial development, renewable energy, and infrastructure investments designed to stimulate economic growth, create jobs, and reduce poverty.
Minister Edun expressed optimism about the collaboration, stating, “We have laid a strong foundation for cooperation, and over the next six months, we expect to make significant progress on our first joint infrastructure project.”
He praised Saudi Arabia’s achievements under its Vision 2030 initiative, particularly in tourism and infrastructure, and reiterated Nigeria’s commitment to similar reforms aimed at fostering a stable investment environment.
Al-Marshad underscored Saudi Arabia’s commitment to this partnership, suggesting the appointment of a designated Nigerian counterpart to facilitate project prioritization and communication.
This meeting marks a pivotal step in strengthening the economic ties between the two nations, focusing on shared priorities and sustainable development.
