Tinubu woos Germany, South Korea, India to invest in Nigeria

President Bola Tinubu has wooed leaders of countries identified as key partners to his economic development to invest in Nigeria.

In a statement by Ajuri Ngelale, the president’s spokesperson, Tinubu met with leaders of Germany, South Korea, and India on the sideline of the G20 summit.

Speaking with Olaf Scholz, the German chancellor, at the summit, Tinubu said his administration is designing a financial architecture for an expanded economic partnership with a nation like Germany.

He said Nigeria is orchestrating its economic policies to align with large-scale manufacturers like Volkswagen, a German automobile manufacturer headquartered in Wolfsburg.

“It is not, for us, only a matter of designing the financial architecture for an expanded economic partnership. It is also about the practicality of aligning the perspectives of your large-scale manufacturers, such as Volkswagen and others, with the reality of the new incentives my government is putting in place for them to come and prosper across multiple value chains and sectors inside of our country,” the president told the German leader.

On his part, Scholz acknowledged the “business friendly” policies of Tinubu, adding that Nigeria and Germany share economic history.

He promised to pay a working visit president to Nigeria in October.

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