The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the bank’s commitment to enhancing economic cooperation between Nigeria and Saudi Arabia.
According to a CBN press statement on Sunday, Cardoso made this remark during a courtesy visit to the bank’s headquarters by the Saudi Arabian Ambassador to Nigeria, Faisal bin Ibrahim Alghamdi, and his delegation.
The statement highlighted that Cardoso reaffirmed the CBN’s commitment 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 said in the statement.
Cardoso also praised the Saudi government for its hospitality during the recently concluded AIUla event, organized by the Saudi Ministry of Finance in collaboration with the IMF Regional Office in Riyadh.
In response, Ambassador Alghamdi appreciated the warm reception and reaffirmed Saudi Arabia’s interest in deepening bilateral cooperation with Nigeria.
He emphasized the Kingdom’s commitment to collaborating 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 statement emphasized that the visit marks another step in Nigeria-Saudi relations, as both nations aim to leverage their strengths for sustainable economic growth and stability.
