Nigeria and Saudi Arabia have begun moves to strengthen their economic ties with export credit and infrastructure development.
A statement from the Ministry of Finance on Tuesday, said the Minister of Finance and Coordinating Minister of the Economy, Wale Edun led a Nigerian delegation to Riyadh to strengthen economic cooperation with Saudi Arabia.
According to the statement, Edun represented President Bola Tinubu and the Presidential Economic Coordination Council, PECC, during the official visit.
The ministry said that the delegation engaged in high-level discussions with the Saudi Export-Import, EXIM, Bank, focusing on developing export credit and insurance frameworks to boost market access between the two nations.
It also said that the bank expressed interest in deepening relationships with Nigerian institutions and participating in future transactions with Saudi government entities.
“Additionally, the delegation held strategic talks with the Saudi Development Fund to explore potential areas of collaboration aimed at boosting infrastructure and economic development in Nigeria
Peoplesmind
