₦airaland Forum

I believe press, But I cannot believe saudi.

It doesn't seem like they are being real with us. Just look at the recent news about them not letting people in. They talk about investing, but then they say something else. I shared the news so we won't be fooled again.

do you believe oil money?

saintopus:
If you don't believe this news press LIKE, if you believe, then press SHARE

Saudi Arabia recently turned away Nigerians, not letting them in.
This reminds us of when they sent people back because of the Ebola virus. Now, it looks like they want something from Nigeria because they are spending a lot of money.
They might be trying to get Nigeria's support for big events like[b] the World Cup and the 2030 Expo. [/b]
But they haven't really invested in Nigeria yet, so we should be careful and not fall for any hidden plans.

Absuchat:

Is it the same Saudi Arabia that pursued you people back like say una get ebola?

Make una just dey play

Nigeria is gearing up for an "immediate" influx of multi-billion-dollar investments from Saudi Arabia following the signing of a landmark agreement.

Bloomberg reported that the agreement creates a corporate council that opens the door for Saudi Arabia to finance a number of Nigerian industries, including technology, telecommunications, energy, oil and gas, and agriculture.

Abubakar Atiku Bagudu, Nigeria's Minister of Budget and Economic Planning, told Bloomberg, "We expect to see significant investment flow immediately" after a productive business round-table between Saudi and Nigerian officials.

The reestablishment of the Nigeria-Saudi Arabia Business Council, initially proposed in 2019 by Crown Prince Mohammed bin Salman bin Abdulaziz, signals a new chapter in economic cooperation between the two nations.

Bagudu said that Saudi Arabia wants to make a successful investment, which might cost several billion dollars in Nigeria by means of this council, similar to how it did in India, Indonesia, and Pakistan.

Although precise numbers were not revealed, Bagudu emphasised undertakings from businesses such as the Saudi Agricultural and Livestock Investment Co., who are looking to sign agreements in Nigeria before the year ends. The Saudi counterpart and executives from Salic met with the Nigerian Minister of Agriculture to reinforce collaborations.

Last week marked a milestone in Nigeria-Saudi Arabia relations, with the two nations sealing various investment and cooperation deals. Notably, Saudi Arabia pledged to invest in the overhaul of Nigeria's oil refineries and provide financial support for the government's foreign-exchange reforms.

The momentum continues as Saudi Arabia is set to unveil detailed investment plans within a week, with officials planning to close several deals during their visit to Nigeria by the end of December. The agreement to take action was reaffirmed at the business roundtable by Saudi Arabia's Minister of Trade and Investment, Kahlid El-Falih. "We are coming for implementation, it’s an action visit. It will be to sign and begin delivery on all agreements,” Bloomberg quoted him as saying.

The investment landscape in Nigeria has been a topic of considerable discussion, especially following the recent engagement with Saudi Arabia. The kingdom expressed its intention to invest in the refurbishment of Nigeria's oil refineries, which are in dire need of modernization. This move by Saudi Arabia was anticipated to bolster Nigeria’s ability to refine petroleum products domestically, reducing reliance on imports and potentially stabilizing the local economy.

In addition to refinery investments, Saudi Arabia also pledged to support Nigeria's foreign-exchange reserves, a commitment that could provide a much-needed buffer against currency volatility. This is particularly significant for Nigeria, where the economy has faced challenges such as foreign-currency shortages and double-digit inflation.

At a strategic level, these investments were part of broader economic ties reinforced by a memorandum of understanding aimed at deepening cooperation in the oil and gas sector. The agreements were set to provide a roadmap for collaboration, potentially unlocking new opportunities for both nations.

However, while these investments promise to yield economic benefits, they must be viewed within the broader context of international relations and commitments. The abrupt visa cancellations for Nigerian citizens by Saudi authorities cast a shadow over these economic ties, raising questions about the reliability of these commitments.

It deeply saddens and angers me to see us divided over the deportation of Nigerians from Saudi Arabia. Unity should be our strength, especially in the face of such challenges.

It's crucial that Nigeria navigates these international waters with a keen eye on long-term benefits and mutual respect. As we consider our response to such incidents, our focus should remain on fostering a collaborative environment that ensures the prosperity and dignity of all Nigerians. This includes clear communication, transparency, and a consistent commitment to the values and needs of our nation.

Idiot Do you realize that the issues with yoruba might be what's keeping Nigeria from getting stronger and more united?

wowcatty:
Do you think Saudi Arabia does not know how far igbos can go to smuggle drugs into their country? Igbos are known all over the world for giving Nigeria and Africa a bad name with all your criminal activities. The people that are taken off those planes are igbos 100%. Yoruba have never been stopped from entering Saudi Arabia.

Idiot Do you realize that the issues with yoruba might be what's keeping Nigeria from getting stronger and more united?

baztig:
But it seems only the chosen tribes get a seat on the plane. This incident just proved Saudi Arabia isn't too fond of the yoruba , did it not

wowcatty:
Call it want you want!
No Yoruba should be flying in any Airpeace.

But it seems only the chosen tribes get a seat on the plane. This incident just proved Saudi Arabia isn't too fond of the yoruba , did it not