Nigeria, Saudi Arabia Strengthen Economic Ties As Dr Uzoka-Anite Heads Delegation To ‘Money 20/20’ Conference

In its renewed determination to reposition the nation’s economy and attract foreign direct investment, the Federal Government has expressed its willingness to strengthen economic ties with the international community.

The Minister of State for Finance, Dr Doris Uzoka-Anite, stated this in her keynote address titled “GCC-Nigeria Partnership: Shaping New Growth Pathways” at the Money 20/20 Middle East Conference in Saudi Arabia.

She noted that Nigeria’s participation has provided an opportunity to showcase the country’s fintech and investment opportunities, attract foreign direct investors, and promote economic cooperation.

Mohammed Manga, Director of Information and Public Relations, said in a statement on Friday that Dr Uzoka-Anite emphasised, “Under the leadership of President Bola Ahmed Tinubu, Nigeria is building a rules-based financial system that enables innovation while safeguarding stability.”

She added, “Our engagements in Riyadh advanced concrete partnerships across capital markets, trade, and technology.”

During the conference, Dr Uzoka-Anite participated in a fireside chat on balancing innovation with financial stability and held bilateral meetings with senior Saudi officials.

These meetings fostered concrete partnerships across capital markets, trade, and technology, with agreements to advance work in areas such as capital markets cooperation and trade and investment facilitation.

The outcomes of this visit underscore both nations’ commitment to deepen economic cooperation and unlock new opportunities for growth and development.

With these developments, Nigeria is poised to attract significant foreign investment, leverage cutting-edge technology, and further cement its position as a key player in the global economy.