President Bola Tinubu is set to embark on a trip to Berlin, Germany, on Saturday to participate in the G-20 Compact with Africa ,CwA Conference hosted by German Chancellor Olaf Scholz.
This visit follows his recent one-week overseas trip to Saudi Arabia.
Accompanying President Tinubu are notable figures, including the Minister of Foreign Affairs, Amb. Yusuf Tuggar; the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun; the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite; and the Minister of Power, Chief Adebayo Adelabu.
During the conference, President Tinubu will engage with other Heads of State and Government from CwA member countries, bilateral partners, and Heads of International Organizations.
The discussions will focus on enhancing economic and business cooperation, with a particular emphasis on boosting investments in critical sectors such as energy, trade, infrastructure, and new technologies. The visit underscores Nigeria’s commitment to fostering international partnerships for economic growth and development.
Ngelale said the G20 CwA Conference will be taking place alongside the Fourth G20 Investment Summit, co-hosted by the German government and German business associations.
He added that the president would sustain the momentum and advance the mission further as he led Nigeria’s delegation to participate in the investment summit in view of his globally recognised drive for foreign direct investment in Nigeria.
The visit also reaffirmed President Tinubu’s commitment to diplomatic reciprocity, as the German Chancellor’s invitation to Germany was honored following the German Chancellor’s visit to Abuja and Lagos, Nigeria, from October 29 to October 30, 2023.
The Nigerian delegation would build on previous productive meetings with high-ranking representatives from German business organizations who were part of the German Chancellor’s official delegation to Nigeria, capitalizing on the opportunity presented by the Fourth G20 Investment Summit.
Ngelale recalled that in his discussions with Chancellor Scholz in October, President Tinubu highlighted the imminent need for more German companies to invest in the Nigerian market across multiple sectors of the Nigerian economy, such as transportation, mining and energy, while noting that Nigeria remained Germany’s second largest trading partner in Africa.
He said Nigeria and Germany, being the largest economies in Africa and Europe, respectively, recorded an increase in bilateral trade volume from two to three billion Euros between 2021 and 2022.
President Tinubu is expected to return to the country following the conclusion of the conference.
Crediblenews.ng
