President Bola Tinubu is off to Berlin, Germany, this Saturday for the G20 Compact with Africa (CwA) Conference and the Fourth G20 Investment Summit. It’s all about boosting investments in energy, trade, infrastructure, and new technologies. The conference, hosted by German Chancellor Olaf Scholz, will bring together heads of state and government of CwA member countries, bilateral partners, and heads of international organizations to talk business and economics.
Tinubu’s trip is a big deal because he’s all about getting foreign investment into Nigeria. He’s leading Nigeria’s delegation to the investment summit, and it’s a big deal because it’s all about giving back to Germany after the German Chancellor visited Nigeria in October. It’s all about keeping the friendship going and making sure German companies invest in Nigeria.
Nigeria and Germany are like best buds when it comes to trade. They’ve been trading more and more, and it’s a win-win for both countries. Tinubu’s been talking to Chancellor Scholz about getting more German companies to invest in Nigeria, especially in transportation, mining, and energy. Nigeria’s a big deal for Germany, and Germany’s a big deal for Nigeria.
Tinubu’s not going alone, though. He’s taking a squad with him – the Minister of Foreign Affairs, the Coordinating Minister of the Economy and Minister of Finance, the Minister of Industry, Trade and Investment, and the Minister of Power. They’re all going to make sure Nigeria gets the best out of this conference.
So, Tinubu’s off to Germany to talk business, make friends, and bring back some good deals for Nigeria. He’ll be back home once the conference is done.