Tag: Saudi Arabia

Speaker Abbas Urges Strategic Partnership with Saudi Arabia to Boost Investment Opportunities

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Hon. Tajudeen Abbas, the Speaker of the House of Representatives, has called for a strategic partnership with the Kingdom of Saudi Arabia to enhance investment opportunities in Nigeria. The appeal was made during a courtesy visit by the Saudi Arabia Nigerian Parliamentary Friendship Group on Wednesday. Acknowledging the longstanding diplomatic ties between Nigeria and Saudi Arabia, spanning over 25 years, Speaker Abbas advocated for an intensified collaboration in key sectors such as trade and investment, tourism, oil and gas, and infrastructure. Represented by his Deputy, Hon. Benjamin Kalu, Speaker Abbas…

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President Bola Tinubu Affirms Administration’s Commitment Amidst Inherited Liabilities, Advances Multibillion-Dollar Infrastructure Finance Facility Negotiations

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President Bola Tinubu, during his visit to Mecca, Saudi Arabia on Monday evening, acknowledged inheriting substantial liabilities from the previous government but asserted a commitment to avoid making excuses. Simultaneously, the President announced advancements in negotiations for a multi-billion dollar infrastructure finance facility from the Islamic Development Bank. The funds are intended to support a diverse portfolio of infrastructure projects at both federal and sub-national levels in Nigeria. This significant development followed substantive investment discussions between President Tinubu and Dr. Mansur Muhtar, the Vice-President (Country Programs) of the Islamic Development…

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