Business
Envoy Urges Improved German, Nigerian Relations
The German Ambassador to Nigeria, Janetze-Wenzel, has called on the Federal Government to fast track its economic growth by promoting trade relations between both countries.
Janetze-Wenzel made the appeal on Thursday in Abuja at a forum on “Nigeria-German Business Relationship” organised by the Institute of Directors (IOD).
According to her, Germans have very strong interest in Nigerian economy because of its economic performance and the huge market.
“You can do a lot to further the German-Nigerian relation as Germany is ready and happy to receive you,“ she said.
The ambassador said “Nigeria is Germany’s second most important trading partner in the Sub-Sahara Africa, only next to South Africa as it is an investment haven for foreign investors.”
According to her, at the moment there are about 50 German companies in Nigeria and they are doing well.
“Germany has potentials that can contribute to Nigeria economy in areas like engineering, machinery, automobile, renewable energy and measures to avoid climate change,” she added.
Janetzke-Wenzel decried the recent security challenges facing Nigeria and called on the government to arrest the situation in order to protect investors who were willing to trade with the country.
Earlier, the Chairman of the IOD, Tunji Tolani, said that the forum was to enable members meet and exchange ideas on contemporary issues that would promote the ideals of the institute.
Tolani said the aim of the institute was to bring about sound corporate governance both in government and private sector.