GERMAN-NIGERIAN BUSINESS CONFERENCE: How Nigeria And Germany Are Partnering For A Better Future

Monday, October 30, 2023, Lagos Continental Hotel hosted the German-Nigerian Business Conference 2023, a landmark event that brought together leaders and stakeholders from both countries to explore new opportunities for collaboration and transformation. The conference, which marked the 10th anniversary of the German-Nigerian Business Forum, was organized by the Nigerian-German Chamber of Commerce and featured keynote speeches as well as panel discussions, business meetings, and networking sessions.

The conference aimed to create partnerships for a transformative change in various sectors such as energy, agriculture, health, digitalization, and infrastructure. Nigeria, Africa’s largest economy and most populous country, has been undergoing a process of economic diversification and reform, while Germany, Europe’s largest economy and a global leader in innovation and technology, has been expanding its presence and engagement in Africa.

Chancellor Scholz praised Nigeria as a strategic partner for Germany in Africa and expressed his commitment to support Nigeria’s economic development and diversification. He also announced a new initiative to provide 100 million euros for renewable energy projects in Nigeria, which would help the country address its power challenges and transition to a low-carbon economy.

Chancellor Scholz

Also, Governor Babajide  Sanwo-Olu, represented by the Deputy Gov, Obafemi Hamzat, used the opportunity to showcase the opportunities and potentials of Lagos as the economic hub of Nigeria and West Africa. He also outlined his administration’s vision and plans to make Lagos a smart city that is sustainable, inclusive, and innovative. 

"He invited German businesses to partner with Lagos in achieving its goals. He said that Lagos was open for business and ready to offer a conducive environment for investors"

The conference also witnessed the signing of several memoranda of understanding (MoUs) and agreements between Nigerian and German companies and institutions in various fields such as renewable energy, health care, agriculture, digitalization, and vocational training. These agreements reflected the mutual interest and commitment of both countries to work together for a better future.