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Nigeria-Germany: Trade Volume Hits €3bn in 2022

Last updated: October 7, 2023 1:53 am
2 years ago
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Germany says it remains committed to deepening and strengthening bilateral relations with Nigeria as trade volume between the two countries hits €3billion.


German Ambassador to Nigeria, Annett Günther, said this while briefing journalists in Abuja on the relations between the two countries.

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The envoy highlighted Germany’s main exports to Nigeria ranging from machines, food and chemical products while Nigeria’s main exports to Germany include crude oil accounting for 83%, food products 12% and other raw materials 4%.
Günther also pointed out that no fewer than 90 German companies are currently operating in Nigeria with over 17,000 jobs directly created and a minimum 10-fold indirectly.


She noted that all the European Union countries put together generated around 160,000 jobs in Nigeria, and Germany has invested over €600 million in development projects across all sectors of Nigeria’s economy, adding that this does not include the €620 million pledged to the Economic Community of West African States (ECOWAS).

Editor Oloyede Oworu

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