President Bola Tinubu will depart Abuja for Berlin this Saturday to participate in the G20 Compact with Africa (CwA) Conference, hosted by German Chancellor Olaf Scholz. Tinubu aims to forge alliances and attract investments.
In a statement from the President’s spokesperson, Ajuri Ngelale, the significance of his engagement at the conference was highlighted. Ngelale emphasized, “President Tinubu’s commitment to attracting foreign direct investment in Nigeria is resonating worldwide,” affirming Nigeria’s stance in the global economic landscape.
The conference is slated to witness high-level dialogues among Heads of State and Governments from CwA member countries, bilateral partners, and leaders of International Organizations.
The focal point of discussions revolves around intensifying economic cooperation across sectors encompassing energy, trade, infrastructure, and new technologies.
Moreover, the Nigerian delegation accompanying President Tinubu includes key ministers, affirming Nigeria’s dedicated pursuit of robust diplomatic ties and economic engagements. Ajuri stated, “This visit also affirmed President Tinubu’s commitment to diplomatic reciprocity,” highlighting the importance of honoring the invitation extended by Chancellor Scholz following his visit to Nigeria.
The anticipated discussions stem from previous meetings held during Chancellor Scholz’s visit to Nigeria, where President Tinubu emphasized the imperative for increased German investment in various sectors like transportation, mining, and energy.
The burgeoning bilateral trade between Nigeria and Germany underscores the mutual economic growth potential between the two nations.
President Tinubu’s participation in the G20 Investment Summit signifies a strategic move to fortify Nigeria’s global economic positioning, creating avenues for enhanced investment and collaboration.
The President is scheduled to return to Nigeria following the conclusion of the conference, aiming to leverage the deliberations for Nigeria’s economic advantage.