Saudi investment will create jobs, lift millions out of poverty

Saudi investment will create jobs, lift millions out of poverty

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Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, has on Monday applauded the renewed interest of the Saudi government and its investors to invest in agriculture, solid minerals mining, and finance, among other sectors in Nigeria, and provide job opportunities that could lift millions of vulnerable Nigerians out of poverty.

Dr Edu, who expressed delight at the sidelines of the Saudi-Africa Investment Summit in Riyadh, described the gesture as a welcome development and a huge achievement of President Bola Ahmed Tinubu’s Renewed Hope drive.

The Minister, who was part of the president’s delegation to Saudi Arabia, said Nigeria was poised to end multi-dimensional poverty by the year 2030.

She explained: “The opportunity provided by the Saudi-Africa Summit was in line with the poverty alleviation and job creation agenda of President Tinubu.”

She noted that President Bola Ahmed Tinubu’s determination to reduce humanitarian crises and poverty challenges in Nigeria was beginning to receive global acceptance, with the latest being the Kingdom of Saudi Arabia.

She said the latest deal from the Saudi government to the Ministry was the King Salman Humanitarian Aid and Relief Centre, which has promised to partner with Nigeria in the humanitarian and poverty alleviation cluster of the federal government.

President Bola Ahmed Tinubu attended the Saudi-Africa Summit and had bilateral meetings with the Crown Prince of Saudi Arabia, Mohammed bin Salman, and other key investors. He attracted a lot of investment to Nigeria, including investment to revamp our local refineries.

The President had assured potential investors that their investments are safe in Nigeria, saying Nigeria is ready for business while assuring investors of some of the world’s highest returns on their investments.

He said Nigeria and Saudi Arabia have always enjoyed a special relationship for over 60 years.

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