Germany says it remains committed to deepening and strengthening bilateral relations with Nigeria as trade volume between the two countries hits €3b.
German Ambassador to Nigeria, Annett Günther, said this while briefing journalists in Abuja on the bilateral relations between the two countries.
The envoy noted that Germany’s main export to Nigeria range from machines, food products to chemical products while Nigeria’s main exports to Germany include crude oil accounting for 83%, food products 12% and other raw materials 4%.
She added that no fewer than 90 German companies are currently operating in the country with over 17,000 jobs directly created and minimum 10-fold indirectly.
She noted that all the European Union countries put together generated around 160,000 jobs in Nigeria, and that Germany has invested over €600 million in development projects across all sectors of Nigeria’s economy, making it the second biggest donor.
She explained that this was besides the €620 million pledged to Economic Community of West African States (ECOWAS).
In terms of humanitarian assistance, she said Germany remained the second biggest trading partner of Nigerians with €50 million in 2022 on activities such as protection, food security, health and shelter that save lives every day.
She also said that Germany has increased its trade volume with Nigeria and ready to explore new areas with the new government under the leadership of President Bola Tinubu who looks set to reshape and modernize the economy and secure the lives, liberty, and property of NIGERIANS.