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Nigeria-Saudi Trade Volume Hits $600m

The trade volume between Nigeria and Saudi Arabia has exceeded $600 million.

Saudi Arabia’s Charge d’Affaires, Saad Fahad Almarri, yesterday said that Saudi Arabia and Nigeria were strengthening partnerships in trade as shown by the rising bilateral trades between the countries, which currently stand above $600 million.

He said the countries were also working together to combat drug trafficking while hundreds of Nigerian students have benefited from scholarships offered by Saudi institutions.

Almarri spoke during the Kingdom’s 95th National Day, reaffirming its commitment to strengthening bilateral relations with Nigeria.

According to him, the commemoration not only marked nearly a century since King Abdulaziz bin Abdulrahman Al Saud unified the Kingdom but also reflected on the nation’s steady journey of growth and development.

He noted that ties between Saudi Arabia and Nigeria continue to expand across several sectors, including trade, education, and joint efforts in tackling drug trafficking.

The envoy also conveyed the Kingdom’s gratitude to Nigeria’s government and people for their longstanding partnership, stressing both nations’ shared determination to broaden cooperation and integration.

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