Saudi Arabia-Nigeria Trade Reaches $600m Milestone

Saudi Arabia-Nigeria Trade Reaches $600m Milestone
Saudi Arabia-Nigeria Trade Reaches $600m Milestone
Saudi Arabia and Nigeria are celebrating a major milestone in their trade relationship, which has now reached $600 million.

Gatekeepers News reports that the Royal Embassy of Saudi Arabia in Abuja marked the 94th National Day of the Kingdom of Saudi Arabia with a ceremony that highlighted the growing economic ties between the two nations.

The Deputy Governor of Kano State, Aminu Abdussalam, expressed his gratitude for Saudi Arabia’s humanitarian efforts, particularly in supporting Nigerian citizens.

“Kano State will continue to collaborate with the Kingdom of Saudi Arabia to improve our trade relations, health sector, and educational opportunities for our people,” he said.

Abdussalam also praised Saudi Arabia’s assistance in sponsoring the separation surgery of the Kano conjoined twins, calling it an act of generosity that has made a profound impact on their community.

Saudi Ambassador Faisal bin Ebraheem Alghamdi echoed these sentiments, stating that “our trade volume with Nigeria stands at $600 million, a reflection of the deep and growing partnership between our countries.”

He emphasised the importance of bilateral agreements in fostering greater cooperation in education, trade, and diplomacy.

Saudi Arabia has made significant contributions to Nigeria, including sponsoring the separation surgery of the Kano conjoined twins, marking the 56th separation surgery performed by Saudi doctors.

Also, Saudi Arabia has offered 260 scholarships to Nigerian students and facilitated the pilgrimage of thousands of Nigerian pilgrims.

The Kingdom’s Vision 2030 initiative, a national plan to drive sustainable development and economic growth, also includes global partnerships like that with Nigeria.

Ambassador Alghamdi highlighted the importance of this initiative, stating that it will further strengthen the bond between Saudi Arabia and Nigeria.

The ambassador concluded the event by reaffirming Saudi Arabia’s commitment to furthering its bond with Nigeria and fostering mutual prosperity.