28.1 C
Nigeria
Tuesday, November 12, 2024
HomeHeadlinesTinubu Assures Transformation and Cooperation with Germany During Bilateral Talks

Tinubu Assures Transformation and Cooperation with Germany During Bilateral Talks

Date:

Nigerian President Bola Tinubu has expressed his government’s determination to change Nigeria’s economic narrative and improve governance in the country.

Speaking during bilateral talks with German Chancellor Olaf Scholz and his delegation at the State House in Abuja, Tinubu emphasized Nigeria’s readiness for transformative governance.

He welcomed cooperation with Germany in areas such as education, power, mineral resources, and more, and highlighted the nation’s abundant natural resources, including its hydrocarbon industry.

Tinubu acknowledged the challenges faced by investors due to delays and conflicts, pledging his government’s commitment to reforms. He mentioned the removal of the oil subsidy and ongoing tax reforms aimed at eliminating double taxation and providing better returns on investments. Tinubu assured the German delegation of his administration’s dedication to promoting efficiency, ease of doing business, and protecting investments.

Addressing concerns about Nigerian citizens unable to meet Germany’s asylum provisions, Tinubu clarified that economic refugees were welcome back home. He emphasized the need to distinguish between economic and genuine refugees and revealed plans for partnership with Germany to improve migration and deepen the relationship between the two countries. Chancellor Scholz echoed his commitment to democracy, the rule of law, and supporting Nigeria’s security and economic development.

The bilateral discussions covered various aspects of cooperation, including economic development, investments, and infrastructure improvement. The German delegation expressed interest in collaborating with Nigeria to harness its economic opportunities, focusing on areas such as hydrogen energy and environmentally sustainable infrastructure projects. Chancellor Scholz emphasized the importance of investments benefiting the country of origin, particularly in the extractive industries.

The talks indicate a shared commitment between Nigeria and Germany to enhance economic collaboration and address challenges in the investment landscape. Both leaders expressed optimism about future cooperation, marking a step toward mutually beneficial economic partnerships.

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here