Nigeria And Saudi Arabia Signs MoU On Energy Sector
Nigeria And Saudi Arabia Signs MoU On Energy Sector
Saudi Arabia and Nigeria have signed memorandum on energy-related cooperation.
Saudi Arabia’s energy minister, Abdulaziz bin Salman disclosed this during the Saudi-Arab-African economic conference in Riyadh on Thursday, according to Reuters.
Global oil and gas stakeholders, at the event, discussed the conditions and stability of the petroleum market, as well as topics of common interest in the field of energy.
Speak on partnerships with African countries, Mohammed Al-Jadaan, Saudi finance minister, said the Saudi Fund for Development would sign agreements worth two billion riyals ($533 million) with countries in the region.
At the meeting, Salman also met with Heineken Lokpopiri, minister of state for petroleum resources.
The announcement of the deal comes hours after President Bola Tinubu arrived in Riyadh, the Saudi Arabian capital city, to attend the Saudi-Africa summit.
Tinubu arrived the Middle Eastern country on Thursday as part of efforts to attract foreign direct investment and mobilise capital to build needed infrastructure, Ajuri Ngelale, presidential spokesperson, said.
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