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economies of the world,’’ he added.

The Kingdom of Saudi Arabia, which had last month announced its interest to invest USD 100 billion in India, revealed that it had so far invested 40 billion dollars in India, 10 billion dollars in Pakistan and 20 billion dollars in Indonesia.

According to Prince Mohammed Ibn Salman: “We are willing to do the same in Nigeria, given the favourable business environment.”

President Buhari gave an instant and firm commitment for the partnership.

Both leaders reviewed the historically strong and friendly relations between the two countries and looked at ways through which it can be formalized. President Buhari and Prince Mohammed Ibn Salman, also known as MBS, agreed to set up a joint Saudi-Nigeria Strategic Council.

This Council will be made up of government officials and businessmen from both countries and the areas of focus are: economic growth and development, investments in oil and non-oil sectors, and security cooperation.

The Saudi-Nigeria Strategic Council will hold meetings twice every year. The leaders of both nations will meet at least once a year to examine progress made on decisions reached by the joint council, and take decisions on strategically important issues.

President Buhari and Prince Mohammed Ibn Salman instructed that the first assignment for the council, which is to be in place within two months, will be to establish a legal and operational framework that will facilitate investments.

They also discussed regional and international developments, and in particular issues in oil and gas, and challenges of international terrorism.

On oil and OPEC, Prince Mohammed Ibn Salman requested that Nigeria should stay within the quota in production.

President Buhari and the Crown Prince shared the view that with the collapse of ISIS in Iraq and Syria, the next frontier for terrorism is the Sahel region, with both leaders agreeing that the problem had grown beyond the region, and needed global leaders to come together and deal with it.

Prince Mohammed Ibn Salman said he was ready to lead a global awareness campaign on the issue.

At the end of the meeting, the Crown Prince, who needed to be fully assured of the commitment from Nigeria asked another question: “Should we tell the public?’’ To which President Buhari answered, “Yes!”

Members of the Nigerian delegation, made up of the Governors of Borno, Prof. Babagana Umara Zulum, Katsina, Aminu Bello Masari and Kebbi State, Atiku Abubakar Bagudu and Ministers of Communication and Digital Economy, Isa Alli Pantami, Minister of State, Petroleum, Timipre Sylva, Minister of Foreign Affairs, Geoffrey Onyeama and Minister of Industry, Trade And Investment, Adeniyi Adebayo engaged business leaders with varied interests and pulled off, in many instances, potentially important deals.

Adebayo’s engagement with various Investment Funds including Asma Capital funded by Saudi Pension Fund, Saudi Investment Agency as well as Sultan of Brunei and Kingdom of Bahrain are among prospective and noteworthy ones.

President Buhari’s trip has ushered in a new age of strategic cooperation between Nigeria and Saudi Arabia, pushing relations to an upward trajectory that promotes cooperation in investment, trade, security and Intelligence and counter terrorism.

Garba Shehu is the Senior Special Assistant to the President on Media & Publicity.

Evil People everywhere.... Rest in Peace Mam

agwom:
Our big men and women are enjoying themselves while poor men and women are suffering...

If you don't have anything positive to say please keep quiet.

Frankdoz5:
The representatives of indigenous people of Biafra (IPOB) have arrived Washington DC for UN general assembly summit. They are expected to table the issue of Biafra before the world leaders. Nnamdi kanu, the leader of IPOB, is expect to lead the delegates.

Confused elements