German-Nigerian Trades Hit 3b Euro — Says Ambassador

German-Nigeria trade volume hit 3 billion Euro last year, the German Embassy to Nigeria, Annett Günther, has said.

She said Germany’s main export to Nigeria are machines, 28 per cent; food products, 20 per cent and chemical products, 19 per cent; while Nigeria’s main exports to Germany are crude oil, 83 per cent, food products, 12 per cent and other raw materials, four per cent.

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She also revealed that no fewer than 90 German companies presently operates in Nigeria, creating 17,000 jobs directly and minimum 10-fold indirectly.

The envoy also noted that all the European Union countries put together have generated around 160,000 jobs in Nigeria.

She also said that Germany has invested over Euro600 million in development projects across all sectors, making it the second biggest donor.

This is beside the Euro620 million pledged to Economic Community of West African States.

In terms of humanitarian assistance, she said Germany remains the second biggest with Euro50 million in 2022 on activities such as protection, food security, health and shelter that save lives every day.

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

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