Afrigather German Chancellor Olaf Scholz met with Nigerian President Bola Tinubu on Sunday to debate commerce and funding alternatives throughout a West Africa tour, because the European nation appears to diversify its commerce companions and develop financial partnerships within the energy-rich area.
In his third journey to Africa since he took workplace in 2021, and his second this 12 months, Scholz pushed for additional improvement of Nigeria’s capability to satisfy native wants at the same time as Germany seeks improved commerce relations with its second-largest buying and selling associate in sub-Saharan Africa. Germany-Nigeria commerce quantity is estimated to be about 3 billion euros yearly.
Main facets of the 2 nations’ cooperation embrace working with Nigeria to assist deal with regional and world points resembling migration, safety and rampant coups in West and Central Africa, Scholz advised Tinubu throughout their assembly within the capital of Abuja.
“There are quite a lot of possibilities not simply from fuel and oil … however for higher utilizing the capacities of your nation, but additionally for going into investments for the long run, which is about hydrogen,” mentioned Scholz. Specialists have described Africa as a possible exporter of hydrogen vitality amid requires vitality transition.
The German chief, who has come underneath huge home strain to handle points associated to migration to Germany, steered “co-management (of the problem) which is benefiting the 2 nations one of the best.”
A framework can also be being developed with the European Union to enhance migration and guarantee amongst different issues that “those that don’t have any the appropriate to remain in my nation can return and may return and that is a part of one thing that may be a win win story for the 2 nations,” Scholz mentioned.
Earlier than his assembly with Tinubu, Scholz advised Lagos-based Punch newspaper that Germany has a “appreciable demand for pure fuel” and “concrete quantities” of provides ought to be agreed on in negotiations between Nigerian fuel producers and German fuel merchants.
Nigeria has Africa’s largest confirmed fuel reserves — estimated to be 202 trillion cubic ft — and has been eager on working towards serving to meet Europe’s wants after Russia sharply decreased pure fuel flows following its conflict with Ukraine. Germany, although, has diversified its fuel provides from Russia because the conflict.
The Nigerian chief mentioned he had a “very deep dialogue” on fuel investments with the German chancellor and sought Germany’s help in serving to to handle the nation’s safety and financial challenges.
“Nigeria remains to be crawling, however we’re decided to vary the narrative and convey a couple of transformative authorities within the nation,” Tinubu mentioned. “We nonetheless want very a lot help in that space. And for us to have the ability to maintain democracy, rule of regulation and freedom for our individuals, we have to struggle for democracy.
Scholz additionally met with Omar Alieu Touray, the president of the ECOWAS Fee, West Africa’s regional bloc, and so they mentioned how you can tackle the current coups in components of Africa. On Monday, he’ll open a German-Nigerian enterprise discussion board within the financial hub of Lagos earlier than heading to Ghana the place he’ll finish his journey on Tuesday.
Further sources • AP
