The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s dedication to enhancing financial cooperation between Nigeria and the Kingdom of Saudi Arabia.
During a courtesy go to to the CBN headquarters by the Ambassador of the Kingdom of Saudi Arabia to Nigeria, H.E. Faisal bin Ibrahim Alghamdi, and his delegation lately, Mr. Cardoso emphasised the Bank’s dedication to fostering partnerships throughout important sectors that drive financial development.
SolaceBase studies that Cardoso said that the CBN is ready to play a important position in fostering collaboration and that the 2 nations would see substantial financial advantages from improved cooperation.
“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,” Mr. Cardoso said.
Read Also:CBN retains all monetary policy parameters in first MPC meeting for 2025
He additionally recommended the Saudi authorities for its hospitality in the course of the lately concluded AIUla occasion, hosted by the Saudi Ministry of Finance in collaboration with the International Monetary Fund (IMF) Regional Office in Riyadh.
In his response, Ambassador Alghamdi expressed appreciation for the nice and cozy reception from the CBN Governor and reiterated Saudi Arabia’s curiosity in increasing bilateral cooperation.
He emphasised the Kingdom’s readiness to work with Nigeria in key financial sectors, notably in Renewable power, 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,” Ambassador Alghamdi said.
The go to marks one other milestone in Nigeria-Saudi relations, as each nations search to leverage their respective strengths for long-term financial development and stability.
