July 25, 2024

Niger, Saudi Investors Discusses Partnership on Agriculture, Others

The Niger State Governor, Umar Bago, on Tuesday, met with members of the Ma’ad Group in Jeddah to discuss investment opportunities in Niger State, especially in agriculture and solid mineral development.

Governor Bago who affirmed that the meeting yielded positive results stated that the essence of the international partnership is to make Niger State a one-stop-investment state competing with her International counterpart.

In attendance was the chairman of Ma’ad Dr Ghazi bin Faisal Binzagr, and Imran Binzagr, Usman Bawa, Sammy Adigun and Sheikh Awal Mohammed. 

It is to be recalled that Governor Bago recently attended the ongoing initiatives on Infrastructural development in Saudi Arabia with investors showing support for a number of investment possibilities in agriculture and the dualization of road projects between Minna and Bida for Niger state.

The summit held In Mecca, Saudi Arabia, is in advanced negotiations on a multi-billion dollar infrastructure finance facility from the Islamic Development Bank (IDB) to fund a multi-sectoral portfolio of infrastructure projects at both Federal and Sub-national levels in Nigeria.

The President of the Islamic Development Bank,  during the Saudi-Arab-African Economic Summit, announced the provision of US$50 billion of new investment for the African continent from the Arab Coordination Group (ACG).

The Islamic Development Bank Vice-President also reiterated the Bank’s commitment to support Nigeria’s economic transformation.

The Saudi-Arab-African Economic Summit was led by Nigeria’s president Bola Ahmed Tinubu.

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