Nigeria has entered into a significant trade agreement with Saudi Arabia to export 200,000 metric tons of red beef and 1 million tons of soybeans annually. This deal represents a major opportunity for Nigeria to boost its agricultural exports and strengthen economic ties with the Middle Eastern market.
As Africa's largest economy, Nigeria has the potential to become a key supplier of high-quality red meat and soybeans to Saudi Arabia and the broader region. The agreement is expected to increase Nigeria's foreign exchange earnings and support the growth of its agricultural sector.
Citations:
[1] https://www.threads.net/%40thenationnewspaper/post/C8u83hgI31C?hl=zh-tw
[2] https://www.threads.net/%40thenationnewspaper/post/C8u83hgI31C
[3] https://thenationonlineng.net/nigeria-enters-export-agreement-with-saudi-arabia-for-red-beef-soya-beans/
[4] https://twitter.com/TheNationNews/status/1806435393929187444
[5] https://www.millingmea.com/nigeria-to-export-soya-beans-red-meat-to-saudi-arabia-under-new-trade-agreement/