On the sidelines of the G-20 summit in India, President Bola Ahmed Tinubu held a meeting with German Chancellor Olaf Scholz to discuss strategies for enhancing Nigeria’s car manufacturing sector. The meeting was disclosed by Ajuri Ngelale, the Special Adviser on Media and Publicity to the President, in a statement released on Sunday.
President Tinubu emphasized the importance of expanding Nigeria’s economic partnerships and called upon the German government to explore new incentives for foreign investments in the country. He stated, “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 our country.”
German Chancellor Olaf Scholz acknowledged the mutually beneficial nature of strengthening economic ties with Nigeria. He expressed gratitude for the discussion and highlighted Nigeria’s unique market. Chancellor Scholz also mentioned his desire to visit Nigeria in October to further advance economic initiatives and cooperation.
This meeting between President Tinubu and Chancellor Scholz signifies a commitment to fostering economic growth and collaboration, particularly in Nigeria’s car manufacturing sector.
**Source:** [Provided Statement](N/A)
