President Bola Tinubu has reaffirmed his administration’s commitment to deepening ties between Nigeria and Germany, emphasising the importance of collaboration in energy and other key sectors of economic development.
Speaking on Wednesday, President Tinubu highlighted the mutual benefits of the partnership, which aims to boost investment and drive growth. Central to this renewed alliance is a €4 billion investment in green energy projects, set to be delivered by 2030.
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Germany’s plans to import green hydrogen market resources from Nigeria mark a significant step in enhancing the nation’s role in the global renewable energy market. This initiative aligns with Germany’s drive for carbon neutrality by 2045, positioning Nigeria as a strategic partner in the green energy transition.
Over the years, Nigeria and Germany have shared a strong trade relationship. In 2022 alone, Germany imported Nigerian crude oil worth $2.14 billion, underlining the economic importance of their partnership.
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