Tinubu woos Volkswagen, other manufacturers back to Nigeria after meeting German Chancellor

TINUBU WOOS VOLKSWAGEN, OTHER MANUFACTURERS BACK TO NIGERIA.

President Asiwaju Bola Ahmed Tinubu, on the sideline of the G-20 summit in India, met with German Chancellor Olaf Scholz to boost Nigeria’s car manufacturing sector.

Ajuri Ngelale, Special Adviser on Media and… pic.twitter.com/abxhqG7r5s

— Chris (@Topboychriss) September 11, 2023

President Asiwaju Bola Ahmed Tinubu, on the sideline of the G-20 summit in India, met with German Chancellor Olaf Scholz to boost Nigeria’s car manufacturing sector.

Ajuri Ngelale, Special Adviser on Media and Publicity to the President, disclosed this in a statement on Sunday.

Tinubu noted that expanding Nigeria’s economic partnership is vital to his administration.

He called on the German government to explore new incentives for foreign investments in Nigeria.

“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 our country”.

German Chancellor Olaf Scholz acknowledged the mutually beneficial nature of an escalation in the scale of economic ties with Nigeria.