Current:Home > MarketsTrade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip -Secure Growth Academy
Trade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip
View
Date:2025-04-15 15:31:13
ABUJA, Nigeria (AP) — German Chancellor Olaf Scholz met with Nigerian President Bola Tinubu on Sunday as part of a West Africa tour as the European country looks to diversify its trade partners and expand economic partnerships in the energy-rich region.
In his third trip to Africa since he took office in 2021, and his second this year, Scholz pushed for further development of Nigeria’s capacity to meet local needs even as Germany seeks improved trade relations with its second-largest trading partner in sub-Saharan Africa. Germany-Nigeria trade volume is estimated to be about 3 billion euros annually.
Major aspects of the two countries’ cooperation include working with Nigeria to help tackle regional and global issues such as migration, security and rampant coups in West and Central Africa, Scholz told Tinubu during their meeting in the capital of Abuja.
“There are a lot of chances not just from gas and oil ... but for better using the capacities of your country, but also for going into investments for the future, which is about hydrogen,” said Scholz. Observers have described Africa as a potential exporter of hydrogen energy amid calls for energy transition.
As the German leader comes under enormous domestic pressure to address issues around migration to Germany, he spoke of how best to handle migration by “having a co-management which is benefiting the two countries the best.”
Before his meeting with Tinubu, Scholz told Lagos-based Punch newspaper that Germany has a “considerable demand for natural gas” and “concrete amounts” of supplies should be agreed on in negotiations between Nigerian gas producers and German gas traders.
Nigeria has Africa’s largest proven gas reserves — estimated to be 202 trillion cubic feet — and has been keen on working toward helping meet Europe’s needs after Russia sharply reduced natural gas flows following its war with Ukraine. Germany, though, has diversified its gas supplies from Russia since the war.
The Nigerian leader sought Germany’s support in helping to address the country’s security and economic challenges.
“Nigeria is still crawling, but we are determined to change the narrative and bring about a transformative government in the country,” Tinubu said. “We still need very much support in that area. And for us to be able to sustain democracy, rule of law and freedom for our people, we need to fight for democracy.
Scholz will also meet with West Africa’s regional bloc of ECOWAS Commission president, Omar Alieu Touray, and open a German-Nigerian business forum in the economic hub of Lagos. He then heads to Ghana where he will end his trip on Tuesday.
___
Associated Press writer Geir Moulson in Berlin contributed.
veryGood! (4246)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Louisiana’s tough-on-crime governor-elect announces new leaders of state police, national guard
- MLS, EPL could introduce 'sin bins' to punish players, extend VAR involvement
- Christmas toy charity in western Michigan turns to gift cards after fire
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Construction companies in fined connection with worker’s death at Lambeau Field, Packers stadium
- Charlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway, dies at 99
- 2023 National Christmas Tree lighting ceremony: How to watch the 101st celebration live
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Taylor Swift is Spotify's most-streamed artist. Who follows her at the top may surprise you.
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Note found in girl's bedroom outlined plan to kill trans teen Brianna Ghey, U.K. prosecutor says
- In Venezuela, harmful oil spills are mounting as the country ramps up production
- 1 in 5 children under the age of 14 take melatonin regularly, new study shows
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- 2 men charged in Sunday shooting of suburban Chicago police officer who responded to car crash
- Elton John addresses Britain’s Parliament, urging lawmakers to do more to fight HIV/AIDS
- Why Swifties Think Taylor Swift and Ex Joe Alwyn’s Relationship Issues Trace Back to 2021
Recommendation
What to watch: O Jolie night
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Canada says Google will pay $74 million annually to Canadian news industry under new online law
Biden administration proposes biggest changes to lead pipe rules in more than three decades
Stamford Road collision sends motorcyclist flying; driver arrested
Cybersecurity agency warns that water utilities are vulnerable to hackers after Pennsylvania attack
3 people dead, 1 hospitalized after explosion at Ohio auto shop
Colombian judge orders prison for 2 suspects in the kidnapping of parents of Liverpool soccer player