President Tinubu has facilitated the signing of two important agreements between Nigerian and German businesses to solidify the burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany.


In a statement by his spokesman, Ajuri Ngelale, the President witnessed the signing a Memorandum of Understanding (MoU) on the supply of gas between Riverside LNG Nigeria and Johannes Schuetze Energy Import AG Germany, while the other signed pact brought together Union Bank of Nigeria and DWS Group on cooperation in renewable energy.


CEO of GasInvest, David Ige, who signed the MoU on gas supply said the first gas will leave Nigeria for Germany in 2026, and there will be further expansion to extinguish about 50 million cubic feet per day of flared gas in Nigeria and open alleyways of new and greater exports of gas to Germany.


Meanwhile, the President emphasized his commitment to sustaining reforms in all sectors and building stronger Nigerian-German relations, assuring German businesses that with Nigeria’s stable political landscape, foreign investments into the country are secure.


November 21, 2023

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