German chancellor to visit Nigeria October to strengthen economic ties – Presidency

German Chancellor Olaf Scholz is scheduled to visit Nigeria in October, as part of moves to further strengthen economic ties between both nations.

Ajuri Ngelale, Presidential aide disclosed this in a statement on Sunday evening.

According to the statement, the decision was reached on the sidelines of the G-20 meeting where President Bola Tinubu and the German leader met.

“Thank you for this important discussion, Mr. President. I appreciate this opportunity to advance our economic relations. Your market is unique and our companies have a history in Nigeria,” Scholz was quoted as saying after Tinubu expressed his interest in strengthening the partnership between the nations.

“We acknowledge the business-friendly reforms you have put in place. I am happy to inform you of my desire to visit you in Nigeria in October, which will allow us to carry forward these initiatives.”

President Tinubu, in his response, emphasized, “For us, it goes beyond designing the financial framework for an enhanced economic collaboration.

“It is also about the practicality of aligning the perspectives of your large-scale manufacturers, such as Volkswagen and others, with the reality of the new incentives my government is putting in place for them to come and prosper across multiple value chains and sectors inside of our country.”

Following his meeting with the German leader, Tinubu engaged in discussions with South Korean counterpart Yoon Suk Yeol, who praised the President’s regional leadership.

Tinubu therefore sought more of the Asian country’s presence in Nigeria especially in the local manufacturing sector.