Skip to content

[wpdreams_ajaxsearchlite]

December 25, 2024
< class="premium-post-ticker__post-title"> Rescue Effort Saves Trapped Miners at Redwing Mine in Zimbabwe
President Bola Tinubu Urges German Investment In Nigerian Economy's Key Sectors

Copyright claim/Content removal? Learn more

President Bola Tinubu Urges German Investment in Nigerian Economy’s Key Sectors

President Bola Tinubu of Nigeria has called for German investment in critical areas of the Nigerian economy, particularly in the fields of electricity and rail transportation. The president made this request during a meeting with German Chancellor Olaf Scholz in Berlin on Monday, outside the G20 Compact with Africa Economic Conference.

In a statement released by the president’s spokesperson, Ajuri Ngelale, Tinubu emphasised the need for German investment in growth-enabling sectors such as transportation, energy, and the generation, transmission, and distribution of electric power. He highlighted the importance of accelerating the implementation of the Presidential Power Initiative, backed by Siemens, which aims to address Nigeria’s power challenges.

Tinubu expressed his commitment to pursuing all aspects of the Siemens power project and emphasised the potential skill development opportunities for Nigerian youth in sustaining the industry. He also suggested that Siemens could contribute to Nigeria’s rail network by supplying cutting-edge trains and railroads, drawing inspiration from the company’s ongoing project in Egypt, where it is constructing a 2,000 km ultra-high-speed rail network spanning 60 towns.

In response, German Chancellor Olaf Scholz expressed his willingness to move forward with the investment proposals. However, he emphasised the importance of addressing financial and administrative obstacles resulting from governance issues within the sector.

During the meeting, Tinubu also raised the topic of value-added processing in Nigeria’s solid minerals, agriculture, automotive industry, and other job-generating sectors. He highlighted the potential for enhancing these sectors through German collaboration, further emphasising Nigeria’s commitment to economic growth and job creation.

The meeting between President Tinubu and Chancellor Scholz reflects the mutual interest in strengthening economic ties between Nigeria and Germany. As discussions continue, both countries aim to explore avenues for collaboration and investment that will drive sustainable economic development and benefit the people of Nigeria.

This development marks an important step forward in attracting foreign investment and fostering partnerships to promote economic growth and address key challenges facing Nigeria’s infrastructure and industrial sectors.

Did you like what you read?

Share on Social

Add me to your mailing list


    [mailpoetsignup* mailpoetsignup-693 list:3 default:on "I consent to privacy policy"]

    No comment yet, add your voice below!


    Add a Comment

    Your email address will not be published. Required fields are marked *

    More News

    Flights To Belfast City Airport Cancelled As Heavy Fog Disrupts Uk Airports

    Flights to Belfast City Airport Cancelled as Heavy Fog Disrupts UK Airports

    In a weather-related incident on Sunday night, Aer Lingus flights
    Rescue Effort Saves Trapped Miners At Redwing Mine In Zimbabwe

    Rescue Effort Saves Trapped Miners at Redwing Mine in Zimbabwe

    In a remarkable display of bravery and perseverance, rescuers successfully
    Nigeria Signs Mou With Saudi Arabia For Smooth Conduct Of 2024 Hajj

    Nigeria Signs MoU with Saudi Arabia for Smooth Conduct of 2024 Hajj

    In a significant development, Nigeria has signed a Memorandum of

    £10, £20 or more.

    Help to keep Jambo! Radio up and running

    Connect with Jambo! Radio on Social

    Jambo! Radio supports public opinions

    Have a news column to share?

    Artistes Shine on Jambo! Radio

    Pexels Antoni Shkraba Production 8412278 Removebg Preview2

    Discover new music, or promote your own songs.

    Look Good, Feel Good with Jambo! Radio Merch

    Support the growth of our platform by purchasing our merch.

    Pff! We don’t need your email.

    It’s you who’s missing out.

    Giphy

    But if you feel like it, then subscribe to receiving exclusive content.

    We send only once a month.

    PS: If you close this, you won’t see this again


      [mailpoetsignup* mailpoetsignup-693 list:3 default:on "I consent to privacy policy"]

      When artistes submit their music on our website, we encourage their audience to engage with these submissions by using the like or dislike buttons. These ratings play a key role in helping us identify high-quality content that resonates with our listeners. Our dedicated team carefully considers user ratings and preferences, handpicking exceptional submissions for special recognition. The rating system operates through the use of browser cookies, making these ratings unique to individual browser users. This means that each user's likes and dislikes are stored in their browser's cookies, allowing us to gather accurate and personalised feedback. As part of our commitment to supporting talent, we occasionally offer free unbiased airplay to these chosen artistes. This opportunity allows them to reach a wider audience and gain valuable exposure within the music scene. By tapping into the power of our listeners' ratings, we aim to create a community-driven platform that uplifts and celebrates the best in music.

      We collect some data to improve your experience on our website. By browsing our website, you agree to our cookie and privacy policies.