Buhari leaves Nigeria for Saudi Arabia
President Mohummadu buhari will be leaving Abuja today to attend the third edition of the Future Investment Initiative (FII) at Saudi Arabia.
According to a statement by the President’s spokes man, Garba Shehu, the event is themed; ‘What’s Next for Global Business?’ and will hold from October 29th to October 31st. It would focus on three key pillars: Sustainable Future, Technology for Good and Advanced Society. The event was organised by Saudi’s Public Investment Fund (PIF).
“Given the increased investor confidence in Nigeria’s economy, President Buhari will use the occasion to speak about the economic opportunities that abound in Nigeria, the effectiveness of his administration’s policies to improve the business environment and invite investors to the country.
“It is noteworthy that the total value of capital inflow into Nigeria increased from 12 billion dollars in the first half-year of 2018 to 14 billion dollars for the same period in 2019.
“Nigerian officials will also take advantage of the summit to accelerate discussions on the planned interest of the Saudi Oil Company, Aramco, to revamp Nigeria’s refineries and new investments in the oil and gas sector,” he said.
“It is noteworthy that the total value of capital inflow into Nigeria increased from 12 billion dollars in the first half-year of 2018 to 14 billion dollars for the same period in 2019.
“Nigerian officials will also take advantage of the summit to accelerate discussions on the planned interest of the Saudi Oil Company, Aramco, to revamp Nigeria’s refineries and new investments in the oil and gas sector,” he said.
