The German Chancellor Olaf Scholz has acknowledged the ongoing reforms of President Bola Ahmed Tinubu’s administration with the promise that he will visit Nigeria in October as part of the moves to further strengthen economic ties.
This was one of the decisions reached on the sidelines of the G-20 meeting in New Delhi, India, where President Bola Tinubu and the German leader met.
Ajuri Ngelale, the spokesperson to President Tinubu who revealed this in a statement he issued on Sunday evening quoted Scholz as expressing the desire of his country to expand its partnership 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.”
On his part, President Tinubu said: “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 of our country.”
After meeting the German leader, Tinubu also held talks with his South Korean counterpart Yoon Suk Yeol who commended the President’s regional leadership.
“I wish to commend your strong leadership, following the peaceful transfer of power to you from your predecessor and we see a stable country in West Africa that is growing in stature,” he said.
Tinubu therefore sought more of the Asian country’s presence in Nigeria especially in the local manufacturing sector.
“We will leave nothing hanging. We will finalise what we agree to and we will execute. We will work point by point with you to secure rapidly implementable MoUs across sectors of partnership that will involve the active presence of your biggest firms, not just in terms of Nigerian consumption, but in local Nigerian production, from telecommunications to technology, and oil & gas,” Tinubu added.
