President Tinubu
Nigerian and German companies have sealed two pivotal agreements in Berlin during the week.
The accords, valued at $500m, encompass a renewable energy pact and a gas export deal, marking a milestone in bilateral cooperation, Presidential spokesperson, Ajuri Ngelale, said in a statement.
Union Bank of Nigeria and Germany’s DWS Group formalised a Memorandum of Understanding on renewable energy.
This strategic partnership aims to attract $500m in investments dedicated to renewable energy projects, with a primary focus on rural communities across Nigeria.
According to him, President Bola Ahmed Tinubu, who is attending the German-Compact with Africa Summit in Berlin, witnessed the signing of the two Memoranda of Understanding (MoU).
The statement reads: “Since 1999, we have witnessed changes in democratic governance, with peaceful transfers of power within and between parties. Democracy in Nigeria has proven to be flexible and resilient.
“Shake off any remnants of the military era syndrome; we have moved beyond that. Despite challenges faced by other African nations, Nigeria stands firm, and we are your partners.”
