Nigerian President Asiwaju Bola Ahmed Tinubu will, on Saturday, in accompanied by the Minister of Foreign Affairs, Amb. Yusuf Tuggar; the Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun; the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite; and the Minister of Power, Chief Adebayo Adelabu, leave Abuja for Berlin, Germany, to attend the G-20 Compact with Africa (CwA) Conference on November 20, 2023, hosted by German Chancellor Olaf Scholz.
According to the Presidential spokesman, Ajuri Ngelale, in a statement released on Friday, during the conference, the President is expected to 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 to outline concrete measures to boost investments in critical areas such as energy, trade, infrastructure, and new technologies, among others.
Ngelale also said that the G20 CwA Conference will be taking place alongside the Fourth G20 Investment Summit, co-hosted by the German government and German business associations while adding that the president would sustain the momentum and advance the mission further as he led Nigeria’s delegation to participate in the investment summit given his globally recognised drive for foreign direct investment in Nigeria.
Presidential spokesman said this visit also affirmed President Tinubu’s commitment to diplomatic reciprocity as the invitation to Germany from the German Chancellor was being honoured following the visit of the German Chancellor to Abuja and Lagos, Nigeria, from October 29 to October 30, 2023.
He added that the Nigerian delegation would 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, thereby leveraging on the opportunity presented by the Fourth G20 Investment Summit.
Ngelale recalled that 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 remained Germany’s second-largest trading partner in Africa.
He said 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.
President Tinubu will return to the country following the conclusion of the conference.
The Informant247 on Thursday, reported that after a seven-day visit to Saudi Arabia and a day in Guinea-Bissau, where he participated in various activities, Nigerian President Asiwaju Bola Ahmed Tinubu returned to the Federal Capital Territory, Abuja.
The Informant247 gathered that the president’s aircraft touched down around 7:05 pm at the presidential wing of the Nnamdi Azikiwe International Airport, Abuja, from Bissau, the capital of Guinea-Bissau, where he attended the country’s 50th Independence Day Anniversary.
It would be recalled that the President had left the country on Thursday, November 9, to participate in the Saudi-African Summit, which was held on the 10. He held other critical business/investment parleys with Saudi Arabian authorities and investors after the summit.
Last Friday, in Riyadh, the president met with Saudi’s captains of industry, during the Nigeria-Saudi Investment Roundtable, urging them to bring their resources to Nigeria, where their returns are guaranteed.
President Tinubu also performed Umrah, on Sunday in Makkah, during which he prayed for God’s divine guidance in leading the country.
However, on Monday night, in Mecca, he met with the leadership of the Islamic Development Bank (IDB), during which he advanced negotiations concerning a multi-billion dollar infrastructure finance facility.
Tinubu then departed Saudi Arabia for Guinea-Bissau on Wednesday evening, where he participated in the country’s 50th independence anniversary.