Toba Owojaiye ReportingÂ
Abuja, Nigeria
President Bola Tinubu is gearing up for the G20 ‘Compact with Africa’ (CwA) conference in Berlin, Germany, departing from Abuja this Saturday. Scheduled for November 20, the event, hosted by German Chancellor Olaf Scholz, will gather leaders, bilateral partners, and international organizations to discuss strategies for boosting investments in key sectors like energy, trade, infrastructure, and new technologies.
According to Ajuri Ngelale, the presidential spokesperson, President Tinubu’s attendance underscores his commitment to attracting foreign direct investment to Nigeria. Ngelale also highlighted the reciprocal nature of the visit, following the German Chancellor’s recent visit to Abuja and Lagos from October 29 to October 30, 2023.
According to the statement seen by Truth Live News, Ngelale emphasized Tinubu’s focus on advancing discussions initiated during the German Chancellor’s visit to Nigeria. There’s a strong emphasis on the necessity for increased German investment in various sectors of the Nigerian economy, including transportation, mining, and energy, as Nigeria holds the position of Germany’s second-largest trading partner in Africa.
President Tinubu will be accompanied by key ministers, including Yusuf Tuggar (Minister of Foreign Affairs), Wale Edun (Minister of Finance), Doris Uzoka-Anite (Minister of Trade), and Adebayo Adelabu (Minister of Power). The delegation aims to build on prior productive engagements with German business organizations and strengthen economic ties between the two nations.
This diplomatic mission aligns with President Tinubu’s promise to bring in foreign direct investment to stabilize the Naira and revitalize the economy, demonstrating his dedication to fostering economic growth through international collaborations and strategic partnerships.