• Latest
  • Trending
President Buhari departs for Paris Peace Forum

Buhari departs Abuja Monday for FII in Saudi Arabia

October 28, 2019
appointments:-enugu-north-unfairly-treated-–-buhari-movement

Appointments: Enugu North unfairly treated – Buhari Movement

July 13, 2020
federal-legislator-advocates-cancellation-of-annual-recess-over-critical-bills

Federal legislator advocates cancellation of annual recess over critical bills

July 13, 2020
covid-19:-bill-gates-is-linked-to-666-–-pastor-chris-okotie-reveals-satan’s-plans

COVID-19: Bill Gates is linked to 666 – Pastor Chris Okotie reveals Satan’s plans

July 13, 2020
ogun-nnpp-fires-abiodun-as-bridge-collapses-less-than-one-year-after-construction

NNPP fires Abiodun as bridge collapses less than one year after construction

July 13, 2020
efcc:-magu-worked-for-osinbajo,-tinubu,-they-are-his-godfathers-–-fani-kayode

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

July 13, 2020
covid-19:-ncdc-announces-discharge-of-13,447-patients,-571-new-cases

COVID-19: NCDC announces discharge of 13,447 patients, 571 new cases

July 13, 2020
magu:-buhari,-apc-against-corruption-–-spokesman,-nabena

Magu: Buhari, APC against corruption – Yekini Nabena

July 13, 2020
malami-breaks-silence-on-approving-auctioning-of-seized-oil-vessels

Malami breaks silence on approving auctioning of seized oil vessels

July 12, 2020
nigerian-troops-kill-scores-of-bandits,-rescue-kidnapped-victims-in-sokoto,-zamfara

Nigerian troops kill scores of bandits, rescue kidnapped victims in Sokoto, Zamfara

July 12, 2020
kwara-deputy-governor’s-staff-contract-covid-19

Kwara Deputy Governor’s staff contract COVID-19

July 12, 2020
how-nigerian-govt,-states,-lgs-shared-n7.8-trn-in-2019-[breakdown]

How Nigerian govt, States, LGs shared N7.8 trn in 2019

July 12, 2020
covid-19:-guidelines-for-school-reopening-in-akwa-ibom-unrealistic,-tough-–-proprietors

COVID-19: Guidelines for school reopening in Akwa Ibom unrealistic, tough – Proprietors

July 12, 2020
  • About Us
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
Monday, January 25, 2021
Nigerian News
  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security
No Result
View All Result
Nigerian News
  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security
No Result
View All Result
Nigerian News
No Result
View All Result

Buhari departs Abuja Monday for FII in Saudi Arabia

by Olalere Abolore
October 28, 2019
0
President Buhari departs for Paris Peace Forum

President Buhari departs for Paris Peace Forum

796
SHARES
6.5k
VIEWS
Share on FacebookShare on Twitter

President Muhammadu Buhari will depart Abuja on Monday for Riyadh, the Kingdom of Saudi Arabia, to attend the third edition of the Future Investment Initiative (FII).

Malam Garba Shehu, the President’s spokesman who disclosed this in a statement in Abuja on Sunday said that event was organised by Saudi’s Public Investment Fund (PIF).

ReadAlso

Magu: Buhari, APC against corruption – Yekini Nabena

Sack Buratai Now – Olusegun

Shehu said the event themed, `What’s Next for Global Business?’ will hold from Oct. 29 to Oct. 31, and would focus on three key pillars: Sustainable Future, Technology for Good and Advanced Society.

Shehu said the three-day event would be held under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia and chaired by Crown Prince Mohammed bin Salman bin Abdulaziz.

Web Hosting in Nigeria

The Crown Prince is also the Deputy Premier, Chairman of the Council of Economic and Development Affairs and PIF.

”Given the increased investor confidence in Nigeria’s economy, President Buhari will use the occasion to speak about the economic opportunities that abound in Nigeria, the effectiveness of his administration’s policies to improve the business environment and invite investors to the country.

”It is noteworthy that the total value of capital inflow into Nigeria increased from 12 billion dollars in the first half-year of 2018 to 14 billion dollars for the same period in 2019,” the presidential aide stated.

According to Shehu, the Nigerian delegation will leverage on the resources in Saudi’s PIF, which aims at becoming one of the largest and most impact sovereign wealth funds in the world.

The delegation, he further stated, would seek foreign investments in critical projects in the country’s oil and gas sector, particularly the Ajaokuta-Kaduna-Kano (AKK) gas Pipeline – the 614 km-long natural gas pipeline currently being developed by the Nigerian National Petroleum Corporation.

”Nigerian officials will also take advantage of the summit to accelerate discussions on the planned interest of the Saudi Oil Company, Aramco, to revamp Nigeria’s refineries and new investments in the oil and gas sector,” he said.

According to the organisers, the high-profile conference has proven to be a substantial international platform for expert-led debate among investors, innovators and governments as well as economic leaders, with the power to shape the future of global investment, since it was launched in 2017.

The conference is focused on utilizing investment to drive growth opportunities, enable innovation and disruptive technologies, and address global challenges.

More than 4,000 delegates from over 90 countries are expected to participate in the FII 2019, which will also host 12 workshops on different topics including cities, energy, climate, health, data, mobility, food, travel, sports, shopping and youth.

The President, according to Shehu, will be accompanied by Governors Babagana Zulum of Borno State, Abubakar Bagudu of Kebbi and Aminu Masari of Katsina State.

Also on the entourage are, Minister of State, Foreign Affairs, Zubairu Dada, Minister of Industry, Trade and Investment, Niyi Adebayo, Minister of State, Petroleum Resources, Timipre Sylva and Minister of Communications, Ibrahim Pantami.

Others include the National Security Adviser, Major General Babagana Monguno (rtd), Director-General, National Intelligence Agency, Ambassador Ahmed Rufa’i Abubakar, and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari.

Shehu stated that, after the investors’ conference in Riyadh, President Buhari would proceed to Makkah, accompanied by close personal aides, to perform the Umrah (lesser pilgrimage) before returning to Abuja.

Nigerian's news

Email us @ info[at]nigerians.news
Previous Post

Liverpool recover from early shock to beat Spurs

Next Post

Security: NAF announces vehicular movement restriction on Kaduna road

Related Posts

appointments:-enugu-north-unfairly-treated-–-buhari-movement
News

Appointments: Enugu North unfairly treated – Buhari Movement

July 13, 2020
covid-19:-bill-gates-is-linked-to-666-–-pastor-chris-okotie-reveals-satan’s-plans
Health

COVID-19: Bill Gates is linked to 666 – Pastor Chris Okotie reveals Satan’s plans

July 13, 2020
ogun-nnpp-fires-abiodun-as-bridge-collapses-less-than-one-year-after-construction
Featured

NNPP fires Abiodun as bridge collapses less than one year after construction

July 13, 2020
efcc:-magu-worked-for-osinbajo,-tinubu,-they-are-his-godfathers-–-fani-kayode
Anti-corruption

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

July 13, 2020
covid-19:-ncdc-announces-discharge-of-13,447-patients,-571-new-cases
News

COVID-19: NCDC announces discharge of 13,447 patients, 571 new cases

July 13, 2020
magu:-buhari,-apc-against-corruption-–-spokesman,-nabena
Anti-corruption

Magu: Buhari, APC against corruption – Yekini Nabena

July 13, 2020
Next Post
Chief of Air Staff Sadique Abubakar

Security: NAF announces vehicular movement restriction on Kaduna road

Cheap Web hosting in Nigeria

Popular News

COVID-19: Bill Gates is linked to 666 – Pastor Chris Okotie reveals Satan’s plans

Female genital mutilation causes sexual problems – Expert

‘Star Wars’ actor dies of coronavirus two days after being diagnosed

Why Abia women prefer fairly-used underwear 

Manchester United better team than one Liverpool beat – Wijnaldum

Safe waterways: Boat operator applauds Marine Police

Tor Tiv’s visit to Buhari, sign of good things to come – Tiv Youths

Uganda bans export of menial workers to Oman

Buhari welcomes Ken Nnamani to Septuagenarian Club

Benzema salvages draw at Valencia with Clasico looming

Subscribe to Nigerian's news Alert

Enter your email address to subscribe to Nigerian's news and receive notifications of new posts by email.

Join 252 other subscribers

Nigerian News

© 2019 Nigerian's news | Designed by Afeeshost

Quick Links

  • About Us
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy

Follow Us

  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security

© 2019 Nigerian's news | Designed by Afeeshost

×

Like us on Facebook