Nigeria and Germany Sign €365M Investment Partnership

On Thursday, Nigeria and Germany formalized a €365 million development and investment partnership to bolster Nigeria's economic growth, energy expansion, and agricultural development. The agreement, signed at the German Embassy in Abuja, was executed by Senator Abubakar Bagudu, Minister of Budget and Economic Planning, and Dr. Dori Uzoka, a senior German government official.

The partnership includes a commitment of €65 million for technical cooperation and an additional €300 million in export credit guarantees to mobilize long-term investments for strategic projects in Nigeria. Dr. Uzoka emphasized the importance of this partnership in enhancing cooperation across various sectors, including agriculture, climate transformation, energy transition, and health systems.

German Ambassador to Nigeria, Annett Günther, noted the extensive bilateral engagement aimed at strengthening future cooperation. The partnership aligns with Nigeria's National Development Plan 2026-2030 and broader 2050 agenda, with a focus on economic reforms and attracting long-term investments.