Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has declared that Nigeria is “open for business” and ready for deeper collaboration with Saudi Arabia, as he invited investors to seize the enormous opportunities emerging from the country’s ongoing economic reforms.
Speaking at the Nigeria-Saudi Arabia Investment Summit, Idris described the event as a platform for governments, investors, and the private sector to forge practical partnerships capable of expanding trade, stimulating investment, creating jobs, and strengthening economic relations between both countries.
Tinubu’s Reforms Creating Opportunities
According to the minister, President Bola Tinubu’s economic reforms span infrastructure, economic diversification, agriculture, education financing, digital innovation, skills development, and security—all aimed at positioning Nigeria as a preferred destination for regional and global investment.
“Our responsibility is to continue projecting an accurate, balanced, and confident narrative about Nigeria. Investment flourishes where there is transparency, policy consistency, and trust. We are committed to ensuring that the world sees Nigeria for what it truly is—a country of immense opportunity, resilience, and promise,” he said.
Diaspora as Investment Catalysts
Idris also highlighted the role of Nigerians in the diaspora in attracting foreign investment, noting that their expertise, business networks, and entrepreneurial success have continued to strengthen bilateral relations between Nigeria and Saudi Arabia.
He urged participants to move beyond discussions by pursuing investments, technology transfer, tourism development, innovation partnerships, and joint ventures that would deliver tangible benefits to both countries.
“Let us move beyond dialogue to action. Let us build partnerships that create jobs, grow businesses, promote innovation, and improve the lives of our people,” he added.
NiDCOM’s Call for Diaspora-Led Investment
Also speaking, Chairman/Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, called for stronger economic cooperation between Nigeria and Saudi Arabia through diaspora-led investments.
She urged investors to explore opportunities in real estate, agriculture, tourism, logistics, and other strategic sectors, describing Nigerians abroad as critical partners in national development.
“Our diaspora contributes far more than remittances. They bring global expertise, market intelligence, credibility, and valuable networks that can unlock investment and create jobs. Let us move beyond conversations to practical partnerships that will strengthen commercial ties between Nigeria and Saudi Arabia,” Dabiri-Erewa said.
