The Nigerian Government has reaffirmed its commitment to attracting foreign investment, expanding trade and boosting tourism as part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, while positioning the country for deeper economic cooperation with the Kingdom of Saudi Arabia.
The Minister of Information and National Orientation, Mohammed Idris, stated this at the Nigeria–Saudi Diaspora Investment and Tourism Exhibition Summit 2026 in Abuja.
Idris said the Tinubu administration’s ongoing economic reforms were creating a competitive, transparent and investor-friendly environment capable of attracting increased foreign direct investment.
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“Nigeria is open for business and ready for deeper partnership with Saudi Arabia. Our economic reforms are creating new opportunities for investment, trade and tourism, and we invite investors to take advantage of the enormous potential our country offers,” the Minister stated.
He described the summit as a strategic platform for governments, investors and private sector operators to forge partnerships that would expand trade, stimulate investment, create jobs and strengthen bilateral economic relations between Nigeria and Saudi Arabia.
The Minister noted that the Renewed Hope Agenda was transforming Nigeria’s investment landscape through reforms in infrastructure, economic diversification, agriculture, education financing, digital innovation, skills development and security.
According to Idris, the reforms are laying the foundation for sustainable economic growth while positioning Nigeria as a preferred destination for regional and global investment.
“Our responsibility is to continue projecting an accurate, balanced and confident narrative about Nigeria. Investment flourishes where there is transparency, policy consistency and trust. We are committed to ensuring that the world sees Nigeria for what it truly is, a country of immense opportunity, resilience and promise,” he said.
Idris also highlighted the role of Nigerians in the diaspora, describing them as critical drivers of economic diplomacy whose expertise, professional networks and entrepreneurial achievements continue to attract investment and strengthen relations between Nigeria and Saudi Arabia.
He urged participants to translate discussions into concrete partnerships through investment, technology transfer, tourism development, innovation and joint ventures.
“Let us move beyond dialogue to action. Let us build partnerships that create jobs, grow businesses, promote innovation and improve the lives of our people,” the Minister added.
Also speaking, the Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Dr Abike Dabiri-Erewa, called for stronger economic collaboration between Nigeria and Saudi Arabia through diaspora-led investments.
Dabiri-Erewa encouraged investors to explore opportunities in sectors such as real estate, agriculture, tourism and logistics, stressing that Nigerians living abroad remain strategic partners in the country’s development.
“Our diaspora contributes far more than remittances. They bring global expertise, market intelligence, credibility and valuable networks that can unlock investment and create jobs. Let us move beyond conversations to practical partnerships that will strengthen commercial ties between Nigeria and Saudi Arabia,” she said.
