Tinubu urge Germany to benefit from new incentives for investments in Nigeria

German officials have been urged to take advantage of the new incentives for foreign investment in Nigeria by President Bola Ahmed Tinubu.

Tinubu made this comment at the G-20 conference in India, according to a statement made by President Ajuri Ngelale’s spokeswoman on Sunday.

Spreading Nigeria’s economic relationship is important to his administration, Tinubu said in a conversation with German Chancellor Olaf Scholz.

For us, it is more than just creating the financial framework for a larger economic collaboration, Tinubu said.

The practicality of matching the viewpoints of your large manufacturers, like Volkswagen and others, with the reality of the new incentives my administration is putting in place for them to come and succeed across numerous value chains and industries inside our country, is another important consideration.

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The development of the trade ties between Germany and Nigeria is something that German Chancellor Scholz shown interest in.

“Mr. President, I appreciate you having this crucial conversation. I appreciate having the chance to strengthen our business ties. Our businesses have a history in Nigeria, and your market is distinctive.

The German leader commended Tinubu for putting in place business-friendly measures.

He stated a desire to travel to Nigeria in October, which will help make these projects possible.