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Tinubu urges Germany to take advantage of new incentives for investments in Nigeria

President Bola Ahmed Tinubu has called on the German government to take advantage of the new incentives for foreign investments in Nigeria.

In a statement by spokesperson to President Ajuri Ngelale on Sunday, Tinubu said this at the G-20 summit in India.

In a chat with German Chancellor Olaf Scholz, Tinubu stated that spreading Nigeria’s economic partnership is key to his administration.

“It is not, for us, only a matter of designing the financial architecture for an expanded economic partnership,” Tinubu said.

“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 our country.”

German Chancellor Scholz said he looks forward to advancing the economic relationship between Nigeria and Germany.

“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.”

The German leader acknowledged the business-friendly reforms Tinubu has put in place.

He expressed his desire to visit Nigeria in October which will pave the way for these initiatives


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