To attract high-level investments into critical sectors, talks have opened in Saudi Arabia between a Nigerian delegation and Saudi Government.

Ahead of the main meeting, the Federal Government economic team lead by Finance Minister Wale Edun met with top Saudi firms on investment exploratory discussions.

Finance Ministry made the ongoing parley known yesterday on its X handle.

In discussions with the Saudi Export-Import Bank (Saudi EXIM Bank), the Nigerian delegation explored frameworks for export credit and insurance aimed at enhancing trade and investment opportunities between the two countries.

The Saudi EXIM Bank It was revealed has expressed its commitment to deepening relationships with Nigerian financial institutions and has also indicated interest in participating in future transactions involving Saudi government entities.

These discussions are expected to facilitate expanded market access and support trade diversification efforts.

The delegation also held crucial talks with the Saudi Development Fund, a major financing institution known for supporting infrastructure and economic development initiatives globally. Both parties explored potential areas of collaboration, with a focus on projects that could boost Nigeria?s economic growth and accelerate infrastructure development.

Further advancing Nigeria?s agricultural agenda, the delegation met with the Saudi Agricultural and Livestock Investment Company (SALIC). Discussions centered on SALIC?s ongoing investments in Nigeria and its plans for further expansion.

The company insisted on its commitment to responsible investment practices that prioritize food security, agricultural output growth, and job creation in Nigeria. This collaboration aligns with Nigeria?s drive to enhance its agribusiness sector and ensure sustainable food production.

The delegation also engaged in a series of high-level meetings with Saudi ministers responsible for Finance, Energy, Economy and Planning. These discussions is targeted at bilateral cooperation across vital sectors, with a view to leveraging Saudi Arabia?s expertise and resources in energy development, economic planning, and financial management.

On the delegation are: Minister of Budget and National Planning Senator Atiku Bagudu;, member of the Presidential Economic Coordination Council Mr. Wale Tinubu; Special Adviser to the President on Finance and the Economy Ms. Sanyade Okoli and, Deputy Governor (Economic Policy) Central Bank of Nigeria Muhammad Sani Abdullahi. (The Nation)

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