Current:Home > NewsTrade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip -FundTrack
Trade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip
View
Date:2025-04-12 09:38:17
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! (6249)
Related
- Meet first time Grammy nominee Charley Crockett
- South Baltimore Communities Press City, State Regulators for Stricter Pollution Controls on Coal Export Operations
- Miranda Derrick says Netflix 'Dancing for the Devil' cult docuseries put her 'in danger'
- Get 50% Off J.Crew, Free First Aid Beauty Jumbo Products, 60% Off West Elm & More Deals
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- India fans flood New York cricket stadium for T20 match vs. USA - but some have mixed allegiances
- US reporter Evan Gershkovich, jailed in Russia on espionage charges, to stand trial, officials say
- Wisconsin Supreme Court keeps ban on mobile absentee voting sites in place for now
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Environmentalists urge US to plan ‘phasedown’ of Alaska’s key oil pipeline amid climate concerns
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- A jet vanished over Lake Champlain 53 years ago. The wreckage was just found.
- Watch Pat Sajak welcome Ryan Seacrest on 'Wheel of Fortune' set with Vanna White
- Beyond the logo: Driven by losses, Jerry West's NBA legacy will last forever
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Southern Baptists narrowly reject ban on congregations with women pastors
- USMNT earns draw vs. Brazil in Copa America tune-up match; Christian Pulisic scores goal
- Iowa defends immigration law that allows local officials to arrest people told to leave US
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Joey Chestnut, Takeru Kobayashi to compete in Netflix competition
House to hold Merrick Garland contempt vote Wednesday
'Gossip Girl' star Chace Crawford implies he's hooked up with a castmate
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
EPA orders the Air Force, Arizona National Guard to clean up groundwater contamination
Beyond the logo: Driven by losses, Jerry West's NBA legacy will last forever
Celtics avoid collapse, defeat Mavericks to take 3-0 lead in NBA Finals: Game 3 highlights