Nigeria Seeks German Industrial Investments at Abuja Conference

The Federal Government of Nigeria is intensifying its efforts to attract industrial investments from Germany, as 14 prominent German companies explore opportunities in Nigeria’s cement, mining, construction, and industrial technology sectors. During the “Business Meets Nigeria” conference held in Abuja, Minister of Budget and Economic Planning, Abubakar Bagudu, reaffirmed Nigeria's commitment to enhancing economic and industrial cooperation with Germany.

The conference was part of a high-level mission where these companies engaged with Nigerian businesses and stakeholders to identify investment opportunities. Bagudu stated that Nigeria aims to translate its longstanding relationship with Germany into tangible investments and technology transfers, which are essential for strengthening the country's productive capacity.

He highlighted the importance of private-sector participation and financing mechanisms, including Germany’s €300 million export credit guarantee framework, to attract and sustain industrial investments. The conference was hosted by the German Engineering Federation (VDMA) in collaboration with the German Embassy in Nigeria.