Saudi Arabia to establish farm equipment manufacturing plants in Nigeria

Saudi Arabia to establish farm equipment manufacturing plants in Nigeria

The Minister of Agriculture, Senator Abubakar Kyari, announced the information, citing that the Saudi Arabian government has shown interest in establishing manufacturing factories in Nigeria for agricultural equipment. The Minister disclosed this new in a statement on his X profile (formerly Twitter) on Saturday, following a meeting with stakeholders from the Middle Eastern country. "The aim Is to support Nigeria’s agricultural sector through mechanization by establishing the plants in the country," he stated. In regard to this development, the Minister of Agriculture of Saudi Arabia had to visited Nigeria to have a diplomatic discussion and productive engagements with Nigerian agri-business entrepreneurs. The meetings took place for over two days. As a result of these interactions, Saudi Arabia has expressed interest in procuring 200,000 metric tons of red meat and one million tons of soya annually from Nigeria. It's also has been assured that this export commitment will no…

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Founded Mainwave Digital Media, Temmy Samuel is a financial advisor and journalist, blending financial expertise with storytelling skills to simplify complex financial topics for readers and clients alike. Learn More About Temmy Samuel

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