February 23, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the Bank’s commitment to strengthening economic cooperation between Nigeria and the Kingdom of Saudi Arabia.
Cardoso made the commitment during a recent courtesy visit by the Saudi Arabian Ambassador to Nigeria, H.E. Faisal bin Ibrahim Alghamdi.
Emphasising the Bank’s commitment to fostering partnerships across critical sectors that drive economic growth, Cardoso highlighted that Nigeria and Saudi Arabia would see substantial economic benefits from improved cooperation.
“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,” he said.
The apex bank chief commended 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 his response, Ambassador Alghamdi expressed appreciation for the warm reception from the CBN Governor and reiterated Saudi Arabia’s interest in expanding bilateral cooperation.
He emphasised the Kingdom’s readiness to work with Nigeria in key economic sectors, particularly in renewable energy, agriculture, and water connectivity.
“We are eager to strengthen our relationship with Nigeria and explore mutually beneficial opportunities that will contribute to the prosperity of both nations,” Ambassador Alghamdi stated.
The visit marks another milestone in Nigeria-Saudi relations, as both countries seek to leverage their respective strengths for long-term economic growth and stability.
