Current:Home > MarketsTrade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip -AssetLink
Trade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip
View
Date:2025-04-14 10:35:08
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! (5)
Related
- The Daily Money: Spending more on holiday travel?
- Save Up to 60% Off on Barefoot Dreams Loungewear & Experience Cozy Like Never Before
- How Clean Energy Tax Breaks Could Fuel a US Wood Burning Boom
- San Francisco protesters who blocked bridge to demand cease-fire will avoid criminal proceedings
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- One Tree Hill's Bryan Greenberg Joining Suits L.A. Spinoff Show
- Tornadoes ravage Ohio, Midwest; at least 3 dead, damage widespread
- Supreme Court rules public officials can sometimes be sued for blocking critics on social media
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- South Dakota Gov. Kristi Noem faces lawsuit after viral endorsement of Texas dentists
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Newly discovered giant turtle fossil named after Stephen King character
- Denying same-sex marriage is unconstitutional, a Japanese high court says
- California proposes delaying rules aimed at reducing water on lawns, concerning environmentalists
- South Korean president's party divided over defiant martial law speech
- Lindsay Lohan tells Drew Barrymore she caught newborn son watching 'The Parent Trap'
- Colorado power outage tracker: Map shows nearly 50,000 without power amid winter storm
- Why Dr. Terry Dubrow Says He Will Definitely Give Ozempic Another Try
Recommendation
All That You Wanted to Know About She’s All That
Lost Your Keys Again? Get 35% off Tile Bluetooth Trackers
Pioneer Woman Ree Drummond Denies Using Ozempic Amid Weight Loss Transformation
McDonald’s system outages are reported around the world
The Super Bowl could end in a 'three
Commanders targeting QB with No. 2 pick? Washington trading Sam Howell to Seahawks, per reports
‘Civil War,’ an election-year provocation, premieres at SXSW film festival
Kentucky GOP moves to criminalize interference with legislature after transgender protests