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:2025-04-16 06:15:34
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! (146)
Related
- Average rate on 30
- Wisconsin authorities believe kayaker staged his disappearance and fled to Europe
- Tuskegee University closes its campus to the public, fires security chief after shooting
- Fantasy football Week 11: Trade value chart and rest of season rankings
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Federal judge blocks Louisiana law that requires classrooms to display Ten Commandments
- Chris Wallace will leave CNN 3 years after defecting from 'Fox News Sunday'
- Karol G addresses backlash to '+57' lyric: 'I still have a lot to learn'
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Why have wildfires been erupting across the East Coast this fall?
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Kate Spade Outlet’s Early Black Friday Sale – Get a $259 Bag for $59 & More Epic Deals Starting at $25
- CFP bracket prediction: SEC adds a fifth team to field while a Big Ten unbeaten falls out
- West Virginia governor-elect Morrisey to be sworn in mid-January
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Jason Kelce collaborates with Stevie Nicks for Christmas duet: Hear the song
- Video shows Starlink satellite that resembled fireball breaking up over the Southwest: Watch
- Tuskegee University closes its campus to the public, fires security chief after shooting
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Minnesota county to pay $3.4M to end lawsuit over detainee’s death
Apologetic rapper Tekashi 6ix9ine gets 45 days in prison for probation violations
Father sought in Amber Alert killed by officer, daughter unharmed after police chase in Ohio
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Megan Fox Is Pregnant, Expecting Baby With Machine Gun Kelly
Democrat Cleo Fields wins re-drawn Louisiana congressional district, flipping red seat blue
Trump has promised to ‘save TikTok’. What happens next is less clear