TRADE VOLUME BETWEEN NIGERIA AND GERMANY HITS €3BILLION

Annett Günther, the German Ambassador to Nigeria, stated on Thursday that Nigeria and Germany trade volumes reached €3 billion in 2022.This was announced by Günther at a press conference on Thursday.

She stated that Germany’s primary exports to Nigeria include “Machines at 28 per cent; food products at 20 per cent; and chemical products at 19 per cent while Nigeria’s main exports to Germany are crude oil at 83 per cent, food products at 12 per cent other raw materials four per cent.”

Günther also revealed that in 2022, 2000 Nigerians passed the German language examinations at the Goethe Institute, with approximately 4,000 Nigerian students studying in Germany.

She said, “No fewer than 90 German companies presently operate in Nigeria, creating 17,000 jobs directly and a minimum 10-fold indirectly.” Germany is the second largest donor, having invested over €600 million in development programs across all industries.

“This is in addition to the €620 million committed to the Economic Community of West African States.” “In terms of humanitarian assistance, Germany remains the second biggest with €50 million in 2022 on activities such as protection, food security, health and shelter that save lives every day.”

Gabriel Eleojo Umoru
Gabriel Eleojo Umoru
I'm Gabriel Eleojo Umoru, a graduate of Mass Communication from Prince Abubakar Audu University (formerly Kogi State University Anyigba, Kogi State). My hobbies include writing, surfing the internet and listening to music. I'm into voice editing and project management. I also help people out in their research projects.

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