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PRESIDENT TINUBU DEPARTS ABUJA TOMORROW FOR BERLIN, GERMANY, TO ATTEND THE G20 COMPACT WITH AFRICA (CWA) CONFERENCE            

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PRESIDENT TINUBU DEPARTS ABUJA TOMORROW FOR BERLIN, GERMANY, TO ATTEND THE G20 COMPACT WITH AFRICA (CWA) CONFERENCE                                                                         17-11-23

By Sadiq Aminu                                                          President Bola Tinubu will depart Abuja tomorrow (Saturday) for Berlin, Germany, to attend the G20 Compact with Africa (CwA) Conference.

To be held on the 20th of this month, the event is hosted by German Chancellor Olaf Scholz.

President Tinubu will join other Heads of State and Government of CwA-member countries, bilateral partners, as well as Heads of international organisations to deliberate on the immediate enhancement of economic and business co-operation to outline measures to boost investments in critical areas.

According to a statement by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, such areas include energy, trade, infrastructure, and new technologies.

It says the G20 CwA conference will be taking place alongside the Fourth G20 Investment Summit, co-hosted by the German Government and German business associations.

The statement says President Tinubu will sustain the momentum of his global investment drive and advance the mission further as he leads Nigerian delegation to participate in the investment summit.

Leveraging on the opportunity presented by the Fourth G20 Investment Summit, the Nigerian delegation will follow up on productive meetings previously conducted with high-ranking representatives from German business organisations who were part of the official delegation of the German Chancellor to Nigeria.

In his discussions with Chancellor Scholz in October, President Tinubu highlighted the imminent need for more German companies to invest in the Nigerian market across multiple sectors of the Nigerian economy, such as transportation, mining, and energy, while noting that Nigeria remains Germany’s second largest trading partner in Africa.

Nigeria and Germany, being the largest economies in Africa and Europe, respectively, recorded an increase in bilateral trade volume from two to three billion Euros between 2021 and 2022.

The President will be accompanied by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, and the Minister of Power, Chief Adebayo Adelabu.

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