The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that Nigeria’s recent economic diplomacy efforts in Saudi Arabia have already started yielding tangible benefits, including investments, foreign exchange inflows, and job creation for Nigerians.

Edun spoke yesterday with journalists after a briefing meeting with President Bola Tinubu by the Nigerian government team that recently visited Saudi Arabia on follow up mission.

Highlighting a key achievement, Edun referenced the Saudi Agricultural Livestock Investment Company’s (SALIC) recent $1.2 billion investment in Olam Agri, which he described as a testament to the President’s reforms and the stabilization of Nigeria’s macroeconomic environment.

The Minister emphasized that these investments translate into direct job creation for Nigerians, as Saudi Arabia’s focus on investing abroad does not include exporting its own labor force. 

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