Germany, Nigeria partner to enhance MSMEs in Nigeria

The Nigerian and German governments have reached an agreement to enhance cooperation aimed at bolstering Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria.

Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, made this announcement during a bilateral meeting convened by the ministry in collaboration with the German Ministry of Economic Development in Abuja.

The Minister of Industry, Trade and Investment recognized the current partnership between the two nations and expressed confidence in forging a deeper connection that would cultivate a more robust and mutually beneficial relationship.

The minister stated that to strengthen the Federal Government’s dedication, the president has recently established the Presidential Council on Industrial Revitalization, with the Minister of Finance and Coordinating Economy serving as its chairperson.

In her response, German Minister Svenja Schulze noted that Nigeria has been a longstanding partner of Germany since as early as 1959, and this partnership has evolved to mutually benefit both countries.

Schulze however highlighted that Nigeria is currently grappling with security challenges exacerbated by resource conflicts, climate change, and population growth.

On his part, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reiterated the commitment of the Federal Government to promote small businesses in the country.

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