President Muhammadu Buhari will on Monday(today) leave the country on an official trip to the Kingdom of Saudi Arabia to attend Economic Forum of the Future Investment Initiative in Riyadh.

He would on the sideline of the event hold bilateral talks with King Salman and King Abdullah ll of Jordan.

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).

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.

He added that 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.

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.

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.