Saudi Arabia to boost investment in Nigeria’s agricultural sector

To improve bilateral trade with Nigeria , The Kingdom of Saudi Arabia has expressed interest to invest in the Nigeria 's agricultural sector in a bid to tap into the huge potential in the sector . The Minister of Environment, Water and Agriculture of the Kingdom of Saudi Arabia , Engr Abdulrahman Abdulmoshen during a courtesy visit to…

He said “we do believe that Nigeria has some comparative advantages and the need to invest wisely in the agriculture, food sector, whereby we will be targeting the Nigerian market or exporting to nearby countries. “And I do also believe that certain incentives are expected from the government. Including, I think, allocating land in a long-term sort of lease or right to use. We will be happy enough to enter into a negotiation, I’m saying this on behalf of the Saudi private sector, which will lead to a win-win, a sustainable investment,” he added.

“We are desirous of a share in the Agri-Market of the Kingdom of the Saudi Arabia, the leading economy in the Middle East, to surpass the current volume of Agri-trade as provided by available figures, in areas of crops such as Sesame, Cashew, Ginger, Soyabean, Wheat, Maize, Palm Oil, Animal Feed among others,” the Minister said.Before flagging, please keep in mind that Disqus does not moderate communities.

President Bola Tinubu has approved the appointment of Mr Chukwuemeka Woke as the Managing Director/Chief Executive Officer of the Ogun-Osun River Basin Development Authority. Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti has expelled two students involved in a bullying incident captured on video that went viral. The university's management expelled two students out of five who were captured as bullies in the video, while the two others were exonerated and one was issued a warning. The…

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