The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s commitment to enhancing economic cooperation between Nigeria and Saudi Arabia.
According to a statement from the CBN on Sunday, Cardoso made this known during a courtesy visit by the Saudi Arabian Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi, and his delegation to the CBN headquarters.
Cardoso emphasized the apex bank’s dedication to fostering partnerships in key sectors that drive economic growth.
“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 stated.
He also 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 Regional Office in Riyadh.
In response, Alghamdi expressed appreciation for the warm reception and reaffirmed Saudi Arabia’s interest in strengthening bilateral cooperation. He highlighted the Kingdom’s willingness to collaborate with Nigeria in strategic sectors, including 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,” he said.
The visit marks another step in Nigeria-Saudi relations as both nations seek to leverage their strengths for long-term economic growth and stability.
