Saudi Trip: Buhari Holds Meeting With King Salman in Riyadh

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SWITZERLAND, OCTOBER 30 – President Muhammadu Buhari on Wednesday, met with King Salman of Saudi Arabia in Riyadh on the margins of the Future Investment Initiative (FII) conference.

President Buhari and some members of the Nigerian delegation arrived at Ritz Carlton Hotel, Riyadh, the Kingdom of Saudi Arabia for the three-day Future Investment Initiative (FII) conference on Monday.

During the meeting, both leaders committed to deeper partnership for the development of both countries.

Today’s Echo gathers that some of the issues on the agenda include Nigeria’s proposal for investment in critical projects in the country’s oil & gas sector, particularly the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, the 614km-long natural gas pipeline currently being developed by NNPC.

Also on the front burner are discussions on the planned interest of the Saudi Oil Company, Aramco, to partner NNPC towards revamping Nigeria’s refineries and other investment opportunities in the Nigerian Oil & Gas sector.

President Buhari and the Saudi Monarch reviewed aspects of cooperation between both countries and agreed to advance cooperation in the areas of oil and gas, given the similarities of both countries as big producers of the commodity.

In this regard, King Salman assured President Buhari of the willingness of Saudi Arabia to invest in Nigeria’s oil and gas sector, thereby strengthening the strategic partnership between the Saudi Energy company, Aramco, and the NNPC.

Both leaders also discussed the current regional and global security situation, and President Buhari expressed his desire for a quick and peaceful resolution on contentious issues in the region.

President Buhari also participated in the summit titled “What Is Next For Africa” along with presidents of Kenya, Congo-Brazzaville, and Burkina Faso.

More than 4,000 delegates from over 90 countries are participating in the conference, and President Buhari will be speaking about the economic opportunities in Nigeria and his administration’s drive to improve the business environment.

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