Arab Press

بالشعب و للشعب
Monday, Apr 27, 2026

Nigeria seeks deeper ties on trade and diplomatic initiatives with Saudi Arabia

Nigeria seeks deeper ties on trade and diplomatic initiatives with Saudi Arabia

Nigeria’s foreign minister has said that he hopes trade with Saudi Arabia blossoms after the creation of new business and diplomacy initiatives during a visit to Riyadh.

Geoffrey Onyeama and Saudi Foreign Minister Prince Faisal bin Farhan agreed to the creation of a joint-business council and a diplomatic corps exchange program to boost cooperation and deepen relations.

“We both agreed that we already have good relations between the two countries, in particular good political relations. We have shared values,” Onyeama told Arab News.

“But we felt like we can make a big improvement in the level of trade in particular. We have similar economic profiles as we are both oil-producing and exporting countries so the energy sector is one that we are both very strong in,” he said.

Prince Faisal and Onyeama reviewed bilateral cooperations and discussed opportunities that will further enhance security, trade, energy and economy.

“We highlighted the importance of enabling investments in each other’s countries, and the importance of making that real through concrete measures,” Onyeama said of the new council.

He said the initiative would have 10 people on each side — “prominent entrepreneurs, public and private sector, and also some of the institutional stakeholders like the Ministry of Trade and the Ministry of Foreign Affairs and so forth.

“We want it to be an institutional mechanism for concrete trade promotion,” he added, saying he hoped to see a spark in economic cooperation.

The second initiative will enable junior diplomats from both countries to meet regularly to create a better understanding and strengthen relations.

Foreign Minister Geoffrey Onyeama said there was solidarity between Nigeria and Saudi Arabia.


“What we are doing is laying that solid bond between them so as they grow up in the system, their careers as foreign service officers they will have this familiarity with each other and know how each side ticks and make it much easier to forge what we want to be a special relationship between the two countries,” he said.

Junior diplomats will exchange visits every other year for two to three weeks and look at global issues facing their regions.

“We think that these two institutional mechanisms that we are putting in place will see the relationship even closer five to seven years down the line,” said Onyeama.

Relations between the two countries are already strong. Nigeria was one of the first countries to extend its support in the Kingdom’s bid to host the 2030 World Expo.

Onyeama said that he and Prince Faisal reviewed areas where they can promote corporations including energy, inclusivity, and security and stability.

“Saudi Arabia … has made great strides in the areas of renewables so that was something we focused on,” he said.

“We are also two countries seeking to diversify our economies and much more in areas such as agriculture, in particular, renewable energy.”

He added that the two ministers also discussed hoped-for reforms of multinational bodies such as the UN, “to make them more inclusive and more representative of the world of today” so that they can tackle issues “that are of importance to developing countries such as ourselves and Saudi Arabia.”

The ministers also looked at various key global issues in their regions including Libya, Yemen, Syria, Lebanon, and Palestine, and the terrorism crises in West Africa.

“There are challenges, we recognized security and terrorism and its urgencies, especially in the West African regions and also the terrorist challenges you also face in your regions and how we can cooperate in these areas,” he said.

Onyeama also recognized the financial support Nigeria has received from Saudi Arabia and the efforts to organize a donor conference to assist in the humanitarian crises that have been caused by the terrorist group Boko Haram.

The two ministers then went on to discuss the management of climate action. “It’s interesting to learn of the progress that is being made by Saudi Arabia in the clean energy realm, solar energy and wind energy in particular and we felt that these are areas in which Nigeria can learn from and benefit from investments from Saudi Arabia.”

Onyeama said that there were many strong bonds between Saudi Arabia and Nigeria.

“The people-to-people contact is there, the religious contact is there and then the solidarity that has been built up as oil-producing exporting countries has also been there,” he added.

“The largest number of Nigerians outside of Nigeria will be found in Saudi Arabia, Nigerians have been coming to Saudi Arabia for generations now, three, four, five generations.”

During the visit to the Kingdom, Onyeama also toured the birthplace of the first Saudi State, Diriyah, where he discussed the cultural heritage of the Kingdom.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
News Roundup
Strategic Saudi-Bahrain Causeway Closed Amid Security Concerns as Trump Deadline Approaches
Saudi Arabia Keeps Red Sea Oil Exports Flowing Despite Regional Tensions
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
Saudi Business Leader Abudawood Appointed Chairman of Merit Incentives Group
TotalEnergies Confirms Damage at Saudi Refinery Following Security Incident
Saudi Arabia Launches Early Construction Phase for King Salman Stadium Project
Saudi Shift Away from Longstanding Dollar Oil Framework Gains Attention Amid Iran Conflict
Türkiye and Saudi Arabia Resolve Long-Running Transit Visa Dispute
Saudi Oil Capacity and Pipeline Flows Reduced as Supply Risks Intensify
TotalEnergies Reports Damage to Saudi SATORP Refinery Following Security Incidents
Gulf States Assess Prospects of U.S.-Iran Truce as Regional Stability Efforts Intensify
South Korea Resumes Honey Exports to Saudi Arabia Following Sanitary Approval
Saudi Arabia Carries Out Sentences in Eastern Province Following Security Convictions
Saudi Sovereign Wealth Fund Backs King Street’s Regional Credit Strategy
Saudi Arabia Secures World Cup Return as Egypt Celebrates Landmark Qualification
Iran and Saudi Arabia Intensify Diplomatic Engagement Amid Regional Tensions
Russia and Saudi Arabia Open Visa-Free Travel Corridor for Citizens
Saudi Oil Output Capacity Reduced by 600,000 Barrels Per Day Amid Regional Conflict
Saudi Arabia Suspends Operations at Select Energy Sites as Precautionary Measure
Saudi Arabia Halts Operations at Multiple Energy Facilities Amid Heightened Tensions
Global Markets Jolt as Iran Signals Ceasefire Breakdown and Rising Regional Tensions
King Street Aligns with Saudi Sovereign Wealth Fund to Expand Alternative Investments in Middle East
Attack on Saudi Arabia’s Jubail Petrochemical Hub Raises Global Supply Concerns
Debate Emerges Over Saudi Strategic Decisions as Gulf Cooperation Council Dynamics Come Into Focus
Saudi Arabia Expands Full Workforce Localisation to 69 Professions in Major Labour Reform
Emerging Alliance of Pakistan, Turkey, Egypt and Saudi Arabia Signals New Regional Power Dynamic Amid Iran Conflict
Iran Linked to Strikes Across Gulf States Following Refinery Attack Escalation
Saudi Arabia Voices Concern Over Fragile US–Iran Ceasefire Stability
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
Saudi Arabia’s Key East-West Oil Pipeline Targeted Following Ceasefire Announcement
Iran Targets Saudi Arabia’s East-West Oil Pipeline in Escalating Regional Tensions
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Saudi Companies Expand Remote Work Measures Ahead of Iran-Related Security Concerns
Iran Warns of Strikes on Saudi Energy Infrastructure if US Targets Its Facilities
Iran Urges Civilians to Form Human Shields Around Nuclear Sites as Diplomatic Deadline Approaches
Saudi Arabia Raises Oil Prices to Record Premiums Amid Supply Pressures Linked to Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Formula One Calendar Gap Explained as Fans Await Next Grand Prix
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Reported Strike on Saudi Arabia’s Jubail Complex Raises Global Energy Supply Concerns
FedEx Introduces New Digital Tool to Streamline Imports into Saudi Arabia
Iran Claims Strike on Saudi Arabia’s Jubail Petrochemical Complex Amid Rising Regional Tensions
Taiwan to Source Oil Shipments from Saudi Arabia’s Red Sea Ports
Saudi Arabia Evacuates Riyadh Financial District as Precaution Amid Regional Tensions
Saudi Arabia Balances Ambitious Economic Vision Amid Regional Tensions and Financial Pressures
Budget Saudi Arabia Reports Strong Full-Year 2025 Financial Performance
Saudi Arabia Expands Investment in Capcom With Stake Reaching Six Percent
Saudi Arabia Assesses Significant Economic Impact From Regional Conflict Involving Iran
US Beef Secures Expanded Market Access in Saudi Arabia
×