The Niger State Governor Umar Mohammed Bago has met with members of the Ma’ad Group in Jeddah, Saudi Arabia, with a view to attracting investments to the state, especially in agriculture and solid mineral development. This is the first of its kind in the history of Niger State.
Governor Bago, who affirmed that the meeting yielded positive results, also disclosed that the essence of the international partnership was to make Niger State a one-stop-investment state, able to compete internationally.
I met with the representatives of the Ma'ad Group in Jeddah to discuss potential investment opportunities in the agriculture and mineral sectors of Niger State.
The meeting was attended by prominent figures from both sides, including the chairman of Ma'ad Group, Dr. Ghazi bin… pic.twitter.com/q801ao0rU5
— His Excellency Mohammed Umaru Bago (@HonBago) November 15, 2023
Only recently, Governor Bago attended the ongoing initiatives on infrastructural development in Saudi Arabia, with investors showing support for a number of investment possibilities in agriculture and the dualization of road projects between Minna and Bida in Niger State.
READ MORE: President Tinubu Advances Investment Drive With Islamic Development Bank
The summit held in Mecca, Saudi Arabia, is in advanced negotiations on multi-billion dollar infrastructure finance facility from the Islamic Development Bank (IsDB) to fund a multi-sectoral portfolio of infrastructure projects at both the federal and sub-national levels in Nigeria.
During the Saudi-Arab-African Economic Summit, the president of the Islamic Development Bank, Dr. Muhammad Sulaiman Al Jasser, announced the provision of US$50 billion of new investment for the African continent from the Arab Coordination Group (ACG).
In the same vein, the Islamic Development Bank’s Vice President, Dr. Mansur Muhtar, also reiterated the bank’s resolve to support Nigeria’s economic transformation.
The Saudi-Arab-African Economic Summit was led by Nigeria’s President Bola Ahmed Tinubu.
In attendance at the meeting were the chairman of Ma’ad Group, Dr. Ghazi bin Faisal Binzagr, Imran Binzagr, Usman Bawa, Sammy Adigun, and Sheikh Awal Mohammed.
