DAILY POST
The Nigerian government has secured a $500 million gas export and renewable energy projects agreement with investors in Germany, boosting the economic relationship between both countries.
Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement on Tuesday.
President Bola Tinubu while speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, said that with a resilient democracy, Nigeria is primed to attract foreign direct investments.
Accordingly, Tinubu witnessed the signing of two Memoranda of Understanding (MoU): one on the gas supply from Nigeria to Germany and another for $500 million worth of renewable energy projects in Nigeria.
MoUs were signed between Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany on the gas export partnership, while the other signed pact brought together the Union Bank of Nigeria and DWS Group on cooperation in renewable energy.
CEO of GasInvest, David Ige, who signed the MoU on gas supply, said the Riverside LNG project aims to supply energy from Nigeria to Germany, extinguishing about 50 million cubic feet per day of flared gas in Nigeria.
