President Bola Ahmed Tinubu, on the sideline of the G-20
summit in India, met with German Chancellor Olaf Scholz to boost Nigeria’s car
manufacturing sector.
Ajuri Ngelale, Special Adviser on Media and Publicity to the
President, disclosed this in a statement on Sunday.
Tinubu noted that expanding Nigeria’s economic partnership
is vital to his administration.
He called on the German government to explore new incentives
for foreign investments in Nigeria.
“It is not, for us, only a matter of designing the financial
architecture for an expanded economic partnership. 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 Olaf Scholz acknowledged the mutually
beneficial nature of an escalation in the scale of economic ties with Nigeria.
“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. 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,” the German leader stated.
After the end of the G20 Summit,
Tinubu headed to the United Arab Emirates (UAE).
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com