Economy & Market

Germany Pledges More Investment in Nigeria as Trade Volume Rises by 10%

Nigeria and Germany yesterday reaffirmed their commitment to strengthening bilateral ties, with the European nation pledging additional investment in Africa’s most populous country.

Both countries also agreed to explore expanded cooperation in renewable energy, digital innovation, manufacturing, security and human capital development.

The commitment was made in Abuja during a bilateral meeting between Nigeria’s Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, and Germany’s Federal Minister for Foreign Affairs, Johann Wadephul.

Welcoming the German delegation, Odumegwu-Ojukwu described Germany as one of Nigeria’s most important strategic partners in Europe, noting that decades of cooperation between both countries had been built on mutual respect, trust and shared interests.

She said Nigeria-Germany relations had grown beyond traditional diplomacy to include trade and investment, development cooperation, renewable energy, education, vocational training, science and technology, migration, culture, peace and security.

“Germany has remained one of Nigeria’s most important strategic partners in Europe. Our bilateral relations extend beyond diplomacy to encompass trade and investment, development cooperation, renewable energy, education, vocational training, science and technology, migration, culture, peace and security,” the minister said.

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