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Saudi Arabia Crown Prince Pledges Support for Nigeria’s Economic Reforms
Saudi Arabia’s Crown Prince Mohammed bin Salman has pledged support to Nigeria’s economic reform efforts during a meeting with President Bola Tinubu in Riyadh on Monday.
The meeting, held on the sidelines of the Arab-Islamic Summit, focused on enhancing cooperation between the two countries, particularly in areas such as oil and gas, agriculture, infrastructure, and the establishment of the Saudi-Nigeria Business Council.
A key topic discussed was Nigeria’s proposal for a $5 billion bilateral trade agreement with Saudi Arabia.
In 2022, the Saudi Agricultural and Livestock Investment Company (SALIC) made a significant move by investing $1.24 billion to acquire a 35.43% stake in Olam Agri, one of Nigeria’s top agricultural firms.
Talks are now underway to increase SALIC’s stake in the company, with the hope that this investment will help Olam become one of the world’s largest agro-allied businesses.
Crown Prince Mohammed praised President Tinubu’s economic reforms, noting that they mirrored his own steps to stabilize and develop Saudi Arabia when he first became Prime Minister.
He assured Nigeria of his continued support and vowed to motivate his team to push forward the various collaborative projects discussed.
Present at the meeting were several key Saudi officials, including the Minister of National Guard, Prince Abdullah bin Bandar bin Abdulaziz, and the Minister of Defense, Prince Khalid bin Salman bin Abdulaziz.
Meanwhile, the Joint Arab-Islamic Summit, which took place in Riyadh on November 11, 2024, reinforced Nigeria’s commitment, along with other member states, to the Ministerial Committee tasked with engaging global leaders to bring an end to the ongoing conflicts in Gaza and Lebanon.
The committee, led by Saudi Arabia, also includes foreign ministers from Nigeria, Egypt, Qatar, Turkey, Indonesia, Palestine, and Jordan.
The summit’s final resolution called for intensifying efforts to end the violence in Gaza and Lebanon.
It emphasized the importance of international cooperation to support the Palestinian cause and protect the sovereignty of Palestine, particularly East Jerusalem, which was reaffirmed as the eternal capital of Palestine.
Leaders also condemned Israel’s military actions in Gaza, describing them as crimes against humanity, and expressed unwavering support for Lebanon’s stability and security.
Damilola Mike-Bamiloye, the son of the renowned Christian filmmaker and evangelist Mike Bamiloye, recently took to Instagram to pay tribute to his late mentor and father figure, Korede Are, whom he affectionately referred to as “Daddy Korede.”
In an emotional post, Damilola remembered him as a dedicated servant of God who sacrificed comfort, recognition, and even his own needs to further the gospel.
He expressed deep admiration, saying Daddy Korede tirelessly ensured that the word of God reached the most remote corners of the world.
Damilola, himself a notable figure in Christian entertainment, known for his work with Mount Zion Faith Ministries, mentioned how Daddy Korede embodied selflessness.
He described him as someone with a “heart of pure gold,” a man who lived with unwavering faith and integrity until his very last moments.
According to him, Daddy Korede didn’t seek fame or praise; instead, he remained committed to his calling, consistently honoring God with his gifts, passion, and humility.
As Damilola mourns, he also rejoices in Daddy Korede’s “glorious finish”—a life he says was celebrated by God Himself. Daddy Korede may have departed, but his legacy lives on, continuing to influence countless lives within the Christian community.
Concerns have been raised by The Central Bank of Nigeria (CBN) and the Ministry of Finance, concerning the Investment and Securities Bill which was proposed. The bill aims to replace 2007 Act and to update capital market regulations.
The CBN representative, Dr Tukur at the National Assembly hearing, opposed to the granting of the Securities and Exchange Commission over the public companies.
The Finance Minster, Wale Edun also emphasize on the impact of the bill and the provision it will offer the SEC board members. However the SEC Director General defended the bill and stated it has a benefitting role in Nigeria’s capital market globally.
The Kebbi Sate Government suspends staff members from the Ministry of Lands and Housing who were involved in the illegal sales. Commissioner Muhammad Dangi-Juli speaks on operating a thorough investigation on the land fraud.
It was revealed that there are two suspects who are part of this fraud mishap, they were both arrested and will face the law. The other suspects are still being chased down, arrested suspects confessed and exposed their partners in the crime.
“Faithful Soldier of Christ” – Damilola Bamiloye Honors Late Korede Are
CBN and Finance Ministry Share Concerns Over Investment and Securities Proposed Bill
Kebbi Government Suspends Staff Members On Land Fraud Investigation
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