President Bola Ahmed Tinubu has struck series of investment and bilateral deals with the leaders of South-Korea, India and Germany.
This happened on Sunday during a separate meeting with the leaders of South-Korea, India and Germany sidelines of the G-20 Summit in New Delhi. The President according to his spokesperson, Ajuri Ngelale, discussed his vision for economic development through local investment and wealth creation in the meeting with the head of state of the three key countries. He however shared the details of the meetings as follows;
During the meeting with South Korean President Yoon Suk Yeol, he commended President Tinubu’s leadership in upholding democratic values in the region. Tinubu then focused the conversation on his economic priorities, proposing a greater South Korean presence in Nigeria’s local manufacturing sector.
President Yoon Suk Yeol expressed his support for Tinubu’s vision, emphasizing the potential for South Korean investment in Nigerian education, technology, and energy sectors. He pledged to encourage his country’s business community to take advantage of new incentives for local industry in Nigeria.
The German Chancellor, Olaf Scholz, expressed a desire to expand ties that would benefit the people of Nigeria. However, Scholz stressed the importance of effective implementation of any agreements reached.
President Tinubu thereby assured the German chancellor that the partnership would be a mutually beneficial one.
In his words,“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.”
After which the Scholz acknowledged the benefits of the economic ties between Nigeria and Germany and promised to visit Nigeria by October to enable the progress of these initiatives.
On the sidelines of the G-20, President Tinubu had informal discussions with U.S. President Joe Biden, European Commission President Ursula von der Leyen, and World Bank President Ajay Banga, among others.
SOURCE: New Telegraph
