Nigeria and Germany are strengthening their trade and investment relations, as the two countries recorded a trade volume of over 3 billion Euros in 2022.
The Nigerian Investment Promotion Commission (NIPC) is collaborating with German and European investors who are keen to explore the opportunities in the Nigerian market.
This was disclosed by the Executive Secretary of NIPC, Mrs Aisha Rimi, at a private sector dialogue in Abuja, where she hosted more than 22 companies from Germany and Europe.
She said that the NIPC had conducted meetings with state governments to identify their competitive advantages and provide relevant information for potential investors.
The minister of foreign affairs, Yusuf M. Tuggar, also spoke at the event, highlighting the bilateral relations between Nigeria and the European Union.
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He said that three of Nigeria’s top five export destinations in the fourth quarter of 2022 were EU member states.
He also revealed that Nigeria’s exports to Germany in 2022 amounted to US$806.33 million.
The leader of the German delegation to Nigeria, Micheal Schmidt, expressed his satisfaction with the visit, saying that the German and European companies had toured different states and were interested in investing in various sectors of the Nigerian economy.
Nigeria and Germany are strengthening their trade and investment relations, as the two countries recorded a trade volume of over 3 billion Euros in 2022.
The Nigerian Investment Promotion Commission (NIPC) is collaborating with German and European investors who are keen to explore the opportunities in the Nigerian market.
This was disclosed by the Executive Secretary of NIPC, Mrs Aisha Rimi, at a private sector dialogue in Abuja, where she hosted more than 22 companies from Germany and Europe.
She said that the NIPC had conducted meetings with state governments to identify their competitive advantages and provide relevant information for potential investors.
The minister of foreign affairs, Yusuf M. Tuggar, also spoke at the event, highlighting the bilateral relations between Nigeria and the European Union.
He said that three of Nigeria’s top five export destinations in the fourth quarter of 2022 were EU member states.
He also revealed that Nigeria’s exports to Germany in 2022 amounted to US$806.33 million.
The leader of the German delegation to Nigeria, Micheal Schmidt, expressed his satisfaction with the visit, saying that the German and European companies had toured different states and were interested in investing in various sectors of the Nigerian economy.