Nigeria and Germany Discuss €300 Million Export Credit Guarantees

The Federal Government of Nigeria is actively pursuing deeper economic and investment ties with Germany, as revealed by Senator Abubakar Atiku Bagudu, the Minister of Budget and Economic Planning, during a courtesy visit from German Ambassador Stefan Rössel in Abuja. The discussions center around cooperation involving €25 million and €300 million in export credit guarantees, which Bagudu emphasized as critical for expanding investment opportunities and optimizing resource utilization.

He noted that the government’s reform program has opened avenues for attracting investment and enhancing productive capacity. Bagudu recalled the visit of then German Chancellor Olaf Scholz to Nigeria, highlighting the need for support from Germany and other international partners for ongoing reforms.

He acknowledged Germany's role in facilitating high-level engagements on trade, investment, and energy. Ambassador Rössel reaffirmed Germany's commitment to strengthening the bilateral relationship, despite the complexities of the global environment.

Dr Doris Uzoka-Anite, Minister of State for Budget and Economic Planning, also congratulated Rössel on his appointment and stressed the importance of translating agreements into practical outcomes.