BREAKING; President Tinubu strike multiple deals with Germany, South Korea and India
Germany – Europe’s largest economy, South Korea Asia’s fourth largest economy and India – Asia’s global giant formally endorsed the Tinubu reforms with initial promises of increased economic cooperation and investments.
The partners agreed to bilateral discussions on key areas of focus, which the President identified to include; agriculture, financial technology, education, manufacturing, defence, information and communication technology and oil and gas, among others.
During the talks with Chancellor Scholz, Tinubu discussed how to expand existing German investments and drive new deals across the sectors.
According to a statement by his spokesman Ajuri Ngelale, the President said: “It is not, for us, only a matter of designing the financial architecture for an expanded economic partnership.
“It is also about the practicality of aligning the perspectives of your large-scale manufacturers, such as Volkswagen and others, with the reality of the new incentives my government is putting in place for them to come and prosper across multiple value chains and sectors inside of our country.”
Scholz responded by acknowledging the mutually-beneficial nature of an increase in the scale of economic ties with Africa’s largest economy, especially in view of ongoing economic reforms.