Saudi Arabia and Nigeria recently held high-level talks to address financial and economic developments, focusing on global and regional challenges while exploring opportunities for enhanced collaboration.
The meeting, chaired by Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan, featured a Nigerian delegation led by Finance Minister Wale Edun and Budget and Economic Planning Minister Abubakar Atiku Bagudu.
Saudi-Nigerian Relations
Key discussions centered on strengthening economic partnerships and developing joint strategies to navigate shifting financial landscapes.
Trade relations between the two nations remain imbalanced, with Nigeria exporting $76.29 million worth of goods to Saudi Arabia in 2023, compared to $1.51 billion in imports from the Kingdom, as reported by the UN COMTRADE database.
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