business

Nigeria seeks deeper economic ties with Saudi Arabia

The Federal Government is seeking stronger economic cooperation with Saudi Arabia in agriculture, energy, aviation, fintech, trade and investment.

By Babatunde Ademola Fadewo

1 min read 3 views Updated Oct 12, 2026
The Federal Government has expressed plans to deepen Nigeria’s economic relationship with Saudi Arabia, with a focus on agriculture, energy, investment, aviation, financial technology and trade. Minister of Information and National Orientation Mohammed Idris made the remarks in Abuja during a reception marking Saudi Arabia’s 96th National Day.

Idris said Nigeria wants to build on its longstanding religious, cultural and people-to-people ties with Saudi Arabia by attracting more investment into food production, infrastructure, mining, technology, oil and gas and other productive sectors. He said ongoing economic reforms are intended to improve the investment environment and expand opportunities for businesses.

The minister also invited Saudi investors to explore opportunities in Nigeria, while expressing optimism that both countries could achieve stronger trade, investment and strategic cooperation in the coming years.

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The Federal Government is seeking stronger economic cooperation with Saudi Arabia in agriculture, energy, aviation, fintech, trade and investment. The Federal Government has expressed plans to deepen Nigeria’s economic relationship with Saudi Arabia, with a focus on agriculture, energy, investment, aviation, financial technology and trade. Minister of Information and National Orientation Mohammed Idris made the remarks in Abuja...

Key takeaways
  • The Federal Government is seeking stronger economic cooperation with Saudi Arabia in agriculture, energy, aviation, fintech, trade and investment.
  • The Federal Government has expressed plans to deepen Nigeria’s economic relationship with Saudi Arabia, with a focus on agriculture, energy, investment, aviation, financial technology and trade.
  • Minister of Information and National Orientation Mohammed Idris made the remarks in Abuja during a reception marking Saudi Arabia’s 96th National Day.Idris said Nigeria wants to build on its longstanding religious, cultural and people-to-people ties with Saudi Arabia by attracting more investment into food production, infrastructure, mining, technology, oil and gas and other productive sectors.
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The Federal Government is seeking stronger economic cooperation with Saudi Arabia in agriculture, energy, aviation, fintech, trade and investment. The Federal Government has expressed plans to deepen Nigeria’s economic relationship with Saudi Arabia, with a focus on agriculture, energy, investment, aviation, financial technology and trade. Minister of Information and National Orientation Mohammed Idris made the remarks in Abuja...

Who published this story?

Glow 99.1 FM published this story with Babatunde Ademola Fadewo listed as author.

When was it published?

September 24, 2026

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