Nigeria, Saudi Arabia seal economic ties as Minister Uzoka-Anite pushes new growth pathways

Nigeria has moved to fortify its economic partnership with Saudi Arabia and the wider Gulf region, with the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite, leading the Federal Government’s delegation to the Money20/20 Middle East Conference in Riyadh.

This was contained in a statement on Friday signed by Mohammed Manga, Director of Information and Public Relations, Federal Ministry of Finance.

The statement reads partly: “In its renewed determination to reposition the nation’s economy and attract Foreign Direct Investors, the Federal Government has expressed its willingness to strengthen its economic ties with the international community.”

“The Honourable 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 Money20/20 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.”

The statement further quoted the Minister as saying: “Under the leadership of President Bola Ahmed Tinubu, Nigeria is building a rules-based financial system that enables innovation while safeguarding stability.

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

During the conference, Dr Uzoka-Anite participated in a high-level fireside chat on balancing innovation with financial stability.

She also held bilateral meetings with senior Saudi officials, which produced agreements to progress work in capital markets cooperation, trade, and investment facilitation.

According to the Ministry, these outcomes emphasise the commitment of both nations to deepen economic cooperation, unlock new opportunities for growth, and drive foreign direct investment into Nigeria.