Nigeria, Saudi Arabia sign MoU for cooperation in oil, gas sectors

Nigeria's independent online newspaper

Abdulaziz bin Salman, Saudi Arabia’s energy minister, says the kingdom has signed preliminary agreements with African countries, including Nigeria, on energy-related cooperation.Global oil and gas stakeholders, at the event, discussed the conditions and stability of the petroleum market, as well as topics of common interest in the field of energy.

“We are working with partners to support Ghana and other countries regarding their debt,” Jadaan added. On his part, Khalid Al-Falih, Saudi investment minister, said the kingdom’s over $700 billion wealth fund — the public investment fund— would make some “game-changing” investments in Africa.Tinubu arrived the Middle Eastern country on Thursday as part of efforts to attract foreign direct investment and mobilise capital to build needed infrastructure, Ajuri Ngelale, presidential spokesperson, said.

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