The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s dedication to enhancing economic collaboration between Nigeria and the Kingdom of Saudi Arabia.
According to a statement released by the CBN on Sunday, Cardoso made this known during a visit by Saudi Arabia’s Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi, and his delegation to the CBN headquarters.
The statement highlighted Cardoso’s emphasis on the importance of fostering strategic partnerships to promote 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 said in the statement.
The CBN governor also acknowledged the Saudi government’s hospitality during the recently concluded AIUla event, organized by the Saudi Ministry of Finance in collaboration with the International Monetary Fund Regional Office in Riyadh.
In response, Alghamdi expressed gratitude for Nigeria’s warm reception and reaffirmed Saudi Arabia’s interest in expanding bilateral cooperation. He emphasized the Kingdom’s eagerness to collaborate with Nigeria in key sectors such as 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 in the statement.
The visit marks another step in strengthening Nigeria-Saudi relations, as both countries seek to harness their economic potential for long-term growth and stability.
