.Will also participate in the group’s fourth economic summit
.To hold bilateral talks with German Chancellor Scholz
Deji Elumoye in Berlin
President Bola Tinubu has arrived Berlin, the German capital to attend the G20 Compact with Africa Conference scheduled for Monday.
The president, whose official plane, the Nigeria Air Force 1 touched down at the Willy Brandt Berlin Brandenburg International Airport in Berlin at about 1.17 am today, was received by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar and Charge D’Affaires of Nigeria’s Embassy in Germany, Ambassador Ingekem Regina Ocheni.
President Tinubu is expected to attend the G20 Compact with Africa (CwA) Conference on Monday, November 20, 2023, being hosted by German Chancellor Olaf Scholz.
During the conference, President Tinubu will join other Heads of State and Government of CwA member countries, bilateral partners, as well as Heads of International Organisations to deliberate on the immediate enhancement of economic and business cooperation with a view to outlining concrete measures to boost investments in critical areas such as energy, trade, infrastructure, and new technologies, among others.
The G20 CwA Conference will be taking place simultaneously with the Fourth G20 Investment Summit, co-hosted by the German government and German business associations.
In view of President Tinubu’s globally recognised drive for foreign direct investment in Nigeria, the President will sustain the momentum and advance the mission further as he leads Nigeria’s delegation to participate in the investment summit.
This visit also affirm President Tinubu’s commitment to diplomatic reciprocity as the invitation to Germany from the German Chancellor is being honoured following the visit of the German Chancellor to Abuja and Lagos, Nigeria, from October 29 to October 30, 2023.
Leveraging on the opportunity presented by the Fourth G20 Investment Summit, the Nigerian delegation will follow up on productive meetings previously conducted with high-ranking representatives from German business organisations who were part of the official delegation of the German Chancellor to Nigeria.
Also on Monday, the President will hold bilateral talks with German Chancellor Scholz with top officials of the two countries including Ministers in attendance.
In his discussions with Chancellor Scholz in October, President Tinubu highlighted the imminent need for more German companies to invest in the Nigerian market across multiple sectors of the Nigerian economy, such as transportation, mining, and energy, all while noting that Nigeria remains Germany’s second largest trading partner in Africa.
Nigeria and Germany, being the largest economies in Africa and Europe, respectively, recorded an increase in bilateral trade volume from two to three billion Euros between 2021 and 2022.