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German-Nigerian trade volume hit €3bn in 2022- Envoy

todayOctober 6, 2023 80

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The German Ambassador to Nigeria, Annett Günther, on Thursday, said both country’s trade volumes hit €3bn in 2022.

Günther stated this at a press conference on Thursday.

She said Germany’s main exports to Nigeria are “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.”

“German-Nigerian trade volume hit €3bn in 2022.”

Günther also disclosed that 2000 Nigerians passed the German language examinations at the Goethe Institute in 2022 while about 4,000 Nigerians Students in Germany.

She added, “No fewer than 90 German companies presently operate in Nigeria, creating 17,000 jobs directly and a minimum 10-fold indirectly.

“Germany has invested over €600 million in development projects across all sectors, making it the second biggest donor.

“This is besides the €620 million pledged 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.”

Written by: EaglesFM

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