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1 month ago
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S’Arabia Confirms Move to Finance Major Infrastructure Projects in Nigeria
Saudi Arabia has confirmed its preparedness to finance major infrastructure projects in Nigeria, while proposing the appointment of a designated Nigerian counterpart to streamline project prioritisation and communication for efficient execution.
The Chief Executive Officer (CEO) of Saudi Fund for Development (SFD), Sultan Al-Marshad made the disclosure when he led a high-level delegation to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun in Abuja, yesterday.
The delegation is part of efforts to strengthen economic cooperation between Nigeria and the Asian country.
The meeting with Edun also included Saudi Arabia’s Ambassador to Nigeria, Faisal Alghamdi; Nigeria’s Minister of Trade and Investment, Dr. Jumoke Oduwole, and the Minister of State for Finance, Dr. Doris Uzoka-Anite.
The discussions centred on key areas of economic collaboration, including industrial development, renewable energy, and infrastructure investments aimed at driving economic growth, job creation, and poverty reduction.
A statement issued by the Director, Press and Public Relations, Mohammed Manga, quoted Edun as saying: “We have laid a strong foundation for collaboration, and over the next six months, we expect to make significant progress on our first joint infrastructure project.”
He applauded Saudi Arabia’s impressive economic achievements under its Vision 2030 initiative, particularly in the tourism and infrastructure sectors.
https://www.thisdaylive.com/index.php/2025/02/22/sarabia-confirms-move-to-finance-major-infrastructure-projects-in-nigeria-2/
