Categories: Latest News

Nigeria-Germany trade hits €3bn in 2022 — Envoy

Published by

The German ambassador to Nigeria, Annett Günther, has disclosed that Nigeria’s trade volume with Germany hit 3 billion Euro in 2022.

Günther at a media parley in Abuja, also disclosed that about 90 German companies presently operate in Nigeria, creating 17,000 jobs directly and minimum 10-fold indirectly.  

While speaking further, she said Germany’s main export to Nigeria are machines, 28 per cent; food products, 20 per cent and chemical products, 19 per cent; while Nigeria’s main exports to Germany are crude oil, 83 per cent, food products, 12 per cent and other raw materials, four per cent.

“Germany has invested over Euro600 million in development projects across all sectors, making it the second biggest donor.

“This is beside the Euro620 million pledged to Economic Community of West African States.

In terms of humanitarian assistance, she said Germany remains the second biggest with Euro50 million in 2022 on activities such as protection, food security, health and shelter that save lives every day.

She also disclosed that 2000 Nigerians passed the German language examinations at the Goethe Institute in 2022 while about 4,000 Nigerians students are in Germany.

She said through countless personal exchanges various relationships between the two countries have been established.

“This includes 22 university cooperations about 2000 Nigerians that have passed a German language examinations at the Goethe insthute in 2022, about 4000 Nigerian students in Germany and a lively and successful Nigerian diaspora in Germany.” 

“A particular focus of our bilateral relationship is energy. Since 2008, Germany and Nigeria have 8 bilateral energy partnerships to improve energy efficiency, economic relations in the energy sector as well as the use of renewable energy.”

“To this effect, 3 German-Nigerian hydrogen offices were opened in Abuja by the German Foreign Ministry in 2021. The goal is to strengthen the economic environment for the production of an energy source of the future.” She added.

READ ALSO FROM NIGERIAN TRIBUNE 

 

Recent Posts

Senator Plang congratulates new ASUU national president

Senator Plang, in a congratulatory statement, praised Professor Piwuna as the definition of devotion and…

14 minutes ago

Makinde came prepared for governance, says ex-minister Onikepo Akande

A two-time Minister of Industry, Trade and Investment of the Federal Republic of Nigeria, Dr…

15 minutes ago

NAAS laments neglect by ministry of agriculture

“Despite repeated promises to prioritize youth involvement in agriculture, there remains a significant gap between…

27 minutes ago

Bauchi kicks off four-day sensitisation workshop on local security reporting

Departmental Security Officers, traditional rulers, and Deputy Chairpersons from the twenty Local Government Areas (LGAs)…

29 minutes ago

Again, gunmen kill seven in renewed attacks on two Benue LGAs

The native said that five bodies, including that of a minor, were discovered while the…

29 minutes ago

Suspected hoodlums attack three Amotekun operatives in Osun

Suspected hoodlums attacked three personnel of the Osun State Security Network Agency, codenamed Amotekun Corps...

40 minutes ago

Welcome

Install

This website uses cookies.