President Bola Tinubu reassured the German business community of the secure environment for foreign investments in Nigeria during the 10th German-Nigerian Business Forum in Berlin.
Emphasizing Nigeria's resilient democracy, Tinubu witnessed the signing of two pivotal Memoranda of Understanding (MoU) aimed at fortifying the economic ties between the two nations. The first MoU focused on the supply of gas from Nigeria to Germany, a collaboration between Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany.
The second agreement, a landmark $500 million deal for renewable energy projects in Nigeria, was inked between Union Bank of Nigeria and DWS Group. Speaking passionately, President Tinubu highlighted the success of his administration's economic reforms, removing obstacles for foreign investors and fostering progress in Nigerian-German relations.
Notably, the renewable energy projects are set to receive a significant boost with the commitment of $500 million, showcasing a shared vision for sustainable growth and rural inclusion in Nigeria's formal economy.
