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Nigeria Ready for New Era of Investment, Trade With Saudi Arabia, Says Information Minister
Nigeria Ready for New Era of Investment, Trade With Saudi Arabia, Says Information Minister
The Honourable Minister of Information and National Orientation, Mohammed Idris, has declared that Nigeria is open for business and ready to deepen investment, trade and tourism partnerships with the Kingdom of Saudi Arabia, as the Renewed Hope Agenda of President Bola Ahmed Tinubu continues to create new opportunities for economic growth and international collaboration.
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Speaking on Tuesday at the Nigeria–Saudi Diaspora Investment and Tourism Exhibition Summit 2026 in Abuja, the Minister said the Federal Government is implementing bold reforms aimed at building a competitive, investor-friendly economy driven by enterprise, innovation and private sector growth.
“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,” Idris said.
The Minister described the summit as an important platform for governments, investors and the private sector to forge practical partnerships that will expand trade, stimulate investment, create jobs and strengthen economic relations between both countries.
He said President Tinubu’s Renewed Hope Agenda is transforming Nigeria’s investment landscape through strategic reforms in infrastructure, economic diversification, agriculture, education financing, digital innovation, skills development and improved security.
According to the Minister, these reforms are laying the foundation for sustainable economic growth while enhancing Nigeria’s competitiveness 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.
The Minister also underscored the invaluable role of Nigerians in the diaspora as ambassadors of the nation’s economic potential, noting that their expertise, professional networks and entrepreneurial success continue to strengthen bilateral relations and attract investment into Nigeria.
He urged participants to translate discussions into concrete outcomes through increased investment, technology transfer, tourism development, innovation partnerships and joint ventures that will deliver lasting benefits to both countries.
“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 stated.
In her remarks, the Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Dr. Abike Dabiri-Erewa, called for stronger economic collaboration between Nigeria and Saudi Arabia through diaspora-led investments. She urged investors to explore opportunities in real estate, agriculture, tourism, logistics and other strategic sectors, stressing that Nigerians in the diaspora remain critical partners in national 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.
The summit brought together senior government officials, business leaders, investors, development partners and members of the Nigerian diaspora to explore new opportunities for expanding investment, tourism and economic cooperation between Nigeria and the Kingdom of Saudi Arabia.

Information Minister
In attendance were the Vice President, Federal Republic of Nigeria, Senator Kashim Shettima, GCON, represented by the Special Assistant to the President on Export Expansion, Office of the Vice President, Mr Aliyu Bunu Sheriff; the Executive Governor of Kaduna State, Senator Uba Sani, represented by the Honourable Commissioner of the Ministry of Business, Innovation, and Technology, Patience Fakai, among other dignitaries.
Rabiu Ibrahim, MNIPR
Special Assistant (Media) to the Honourable Minister of Information and National Orientation
Tuesday, August 4, 2026
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News
Davido: I’m a Die-Hard Cristiano Ronaldo Fan, we Chat Regularly
Davido: I’m a Die-Hard Cristiano Ronaldo Fan, we Chat Regularly
Afrobeats star, David Adeleke, popularly known as Davido, has declared himself a dedicated Cristiano Ronaldo fan and claimed that he regularly communicates with the football legend.
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Davido disclosed this during a livestream with content creator and streamer, Carter Efe.
The ‘If’ singer said he supported Portugal to win the recently concluded 2026 FIFA World Cup because of his connections with players in the national team.
“Because I have a lot of friends in the Portuguese team. I want Portugal to win,” Davido said.
When Efe suggested it was because of Ronaldo, the singer replied, “I love Ronaldo, I’m a CR7 fan.”
Davido further claimed that he has ongoing conversations with the five-time Ballon d’Or winner, saying in Pidgin English that he talks to the “legend back to back.”

Cristiano Ronaldo, Davido
Efe reacted with visible excitement, repeatedly exclaiming:
“God, I don mad! I don mad! I don mad! I don mad!”
The clip has since circulated widely on social media.
Davido has previously expressed his interest in football and has been seen with several international football stars.
The authenticity of the apparent chat shown during the livestream could not be independently verified.
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News
President Tinubu Approves Pay Rise for 250,000 Armed Forces Personnel
President Tinubu Approves Pay Rise for 250,000 Armed Forces Personnel
President Bola Tinubu has approved salary increases of between 30 and 80 per cent for Nigeria’s armed forces personnel.
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The pay package that will benefit approximately 250,000 personnel and take effect from September 1, 2026, Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed in a statement signed Tuesday.
Onanuga said the graduated structure of the increase scales inversely with rank, with the highest percentage increases going to the most junior personnel.
Under the new arrangement, he said officers above the rank of colonel, Brigadier-Generals, Major-Generals, Lieutenant Generals and Generals, will receive a 30 per cent salary increase.
Personnel ranking from colonel down to warrant officer will receive a 50 per cent increase, while those from private to staff sergeant will receive an 80 per cent increase.
The pay package will raise the annual salary bill for the armed forces from N660 billion to N924 billion, an increase of N264 billion.
The President linked the pay rise directly to the sacrifices personnel continue to make in the fight against banditry, kidnapping and terrorism across parts of the country.
Tinubu said troop welfare and military modernisation would remain a standing priority of his administration.
“Our administration will continue to prioritise troop welfare and modernise the armed forces by providing the weapons and technological tools needed to discharge their duties,” he said.
Tinubu tied the salary increase to his broader philosophy on national security saying, “Our administration believes that no nation can achieve greatness without security. We therefore remain resolute in mobilising all military and law enforcement assets to eliminate security threats and protect the lives and property of all Nigerians,” he said.

President Tinubu
“I urge our servicemen to take our gesture as a sign of our deep appreciation of the services they render to our fatherland.
“Together we shall prevail over the enemies intent on destroying the fabric of our nation,” the President said.
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Awori Renaissance Forum Urges ADC to Relist Lagos Reps Candidate
Awori Renaissance Forum Urges ADC to Relist Lagos Reps Candidate
The Awori Renaissance Forum has urged the leadership of the African Democratic Congress to relist Mr. Olalekan Anjolaiya as the party’s candidate for Alimosho Federal Constituency, saying the move would address the alleged marginalisation of the indigenous Awori people.
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The call was contained in a statement issued on Tuesday by the Coordinator of the Forum, Mr Muraina Ajala.
Ajala said the forum was making the appeal following reports that Anjolaiya, who was initially presented as the party’s candidate, had been disqualified over alleged multiple party registration.
He argued that replacing him with a non-indigene would amount to “a miscarriage of justice” when qualified Awori sons and daughters were available to represent the constituency in the National Assembly.
According to him, relisting Anjolaiya would give the indigenous Awori-speaking people of Alimosho the opportunity to produce a representative and end what he described as years of political marginalisation.
“We are using this opportunity to call on the leadership of the ADC to right the wrong being meted to our son and standard bearer, Hon. Olalekan Anjolaiya, who is the only hope of the indigenous Awori people of Alimosho.
“Our appeal is to the national leadership of the party, particularly the National Secretary, Ogbeni Rauf Aregbesola, whom we believe has the power to do the needful in this instance.
The forum alleged that Awori-speaking people had consistently been sidelined in the choice of candidates for the constituency despite having qualified sons and daughters capable of representing the area.
It also described Anjolaiya as “a son of the soil,” noting that his contributions to community development had earned him the traditional title of Bobakeye of Igandoland.
“The affected member is known to us and he has contributed so much to the development of Aworiland, particularly his native Igandoland. This has prompted the traditional ruler of Igando, Oba Lasisi Gbadamosi, to recently bestow on him the title of Bobakeye of Igandoland,” the statement said.

ADC
The group further argued that allowing a non-indigene to emerge as the constituency’s representative would amount to “double jeopardy” for the Awori people.
“We are even more concerned that the only time we have been represented by one of us is now by our incumbent representative, Hon. Ganiyu Adele Ayuba, who has been denied a return ticket by the ruling All Progressives Congress. We don’t want our son, Olalekan Anjolaiya, to suffer the same fate, and this is why we are making the clarion call,” Ajala added.
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