Nigeria, Saudi Arabia Explore $5bn Trade Facility To Strengthen Economic Ties

Nigeria, Saudi Arabia Explore $5bn Trade Facility To Strengthen Economic Ties …C0NTINUE READING HERE >>>

Nigeria is negotiating a $5 billion trade facility with Saudi Arabia to enhance its economic reform efforts, Bloomberg reports.

This initiative was discussed during President Bola Tinubu’s meeting with Crown Prince Mohammed bin Salman in Riyadh, coinciding with the joint Arab-Islamic Summit, according to Bloomberg reports.

The Nigerian presidency emphasised the need for this financial support to strengthen the nation’s capital base, although specific details of the agreement…

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