President Tinubu and German Chancellor Scholz Hold Third Meeting, Focus on Investment in Nigeria

Mary Ubeet

President Tinubu and German Chancellor Scholz Hold Third Meeting, Focus on Investment in Nigeria

President Bola Tinubu of Nigeria recently held his third meeting in two months with German Chancellor Olaf Scholz in Berlin, emphasizing their commitment to bolstering investment in the Nigerian economy. This meeting, occurring on the sidelines of the G20 Compact with Africa Economic Conference, marks a continued effort to strengthen bilateral relations and economic collaboration between Nigeria and Germany.

Their first interaction took place at the G-20 Summit in New Delhi on September 11, followed by Chancellor Scholz’s two-day visit to Nigeria on October 29, where the leaders initially discussed enhancing bilateral ties. In their latest meeting, Tinubu and Scholz agreed to deepen cooperation on advanced biometric systems and border control technology to manage irregular migration and other shared concerns.

Tinubu encouraged the German business community to invest in Nigerian sectors like solid minerals, agriculture, automobile production, and other areas that can generate employment. He reiterated his commitment to the Siemens-supported Presidential Power Initiative (PPI), drawing attention to Siemens AG’s successful transformation of Egypt’s power sector. The president assured a more deliberate and urgent approach to the PPI’s project execution, highlighting the use of Siemens technology for project sustainability.

Emphasizing skill development, Tinubu expressed his determination to involve Nigeria’s talented youth in the Siemens Power project, ensuring their participation in maintaining and advancing the industry. This meeting underscores a significant international partnership, focusing on economic development, technological advancement, and collaborative efforts for mutual benefits of Nigeria and Germany.

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