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Tinubu Secures €1 Billion German Investment For Minerals, Renewable Energy - Politics - Nairaland 539

Tinubu Secures €1 Billion German Investment For Minerals, Renewable Energy (7087 Views)

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Editorialtimes: 10:11am On Dec 12, 2024
Tinubu and German President Discuss Investment and Economic Reforms

President Bola Ahmed Tinubu reaffirmed Nigeria’s commitment to creating a business-friendly environment, particularly in the energy and solid minerals sectors, during a meeting with German President Frank-Walter Steinmeier at the State House on Wednesday.

In a session focused on fostering bilateral trade and investment, Tinubu assured German investors of Nigeria’s readiness to remove istrative bottlenecks and leverage its abundant natural resources to drive industrialization and economic growth.

A Collaborative Path to Industrialization

President Tinubu described Nigeria's economic reforms as designed to ensure long-term prosperity through sustainable frameworks, emphasizing that the nation is poised for industrialization through its rich resources.

“We must enhance the possibility of becoming highly industrialized by exploring opportunities in our natural resources. With ’s industrial expertise and technology, especially in renewable energy, we can achieve a mutually beneficial partnership,” Tinubu stated.

He highlighted the ongoing transformation in Nigeria’s energy and natural gas sectors, emphasizing the exploration of critical minerals such as lithium and cobalt. These are vital for global energy transition and renewable energy technologies.

Tinubu also pointed to Nigeria's dynamic youth population, trained professionals, and a renewed focus on small and medium enterprises (SMEs) as critical drivers for economic growth.

German for Economic Development

President Steinmeier praised Nigeria’s ambitious reforms and affirmed ’s readiness to these efforts. He noted a growing interest among German companies in expanding their presence in Nigeria, particularly in renewable energy.

“Beyond the big players like Siemens, other specialized companies are exploring opportunities in Nigeria, especially in renewable energy and solid minerals,” Steinmeier said.

Promising Opportunities in Solid Minerals

The Minister of Solid Minerals Development, Dele Alake, highlighted ’s €1 billion fund for diversifying renewable energy supply chains. He noted that modifying fund conditions could make Nigeria’s solid minerals sector a viable destination for German investments.

Alake detailed tax incentives, enhanced security, and t venture opportunities as part of Nigeria’s Renewed Hope Agenda to attract investors to the country.

Commendations and Future Prospects

The business delegations from both countries commended President Tinubu’s vision for economic transformation, particularly efforts to improve Nigeria's ease of doing business, streamline foreign exchange, and create globally competitive investment opportunities.

This dialogue underscores Nigeria’s commitment to harnessing its resources, fostering partnerships, and achieving economic renewal through visionary reforms and international collaboration.

Source: The Bureau Newspaper

21 Likes 3 Shares

Topman7: 10:16am On Dec 12, 2024
One thing about Tinubu is that he is not lazy.

The man is working very hard.

More grease to your elbows sir.

1 Billion Euros is not a small money.

72 Likes 8 Shares

Shevchenkko: 10:16am On Dec 12, 2024
All media talk and nothing happens later.

15 Likes 3 Shares

Shevchenkko: 10:17am On Dec 12, 2024
Topman7:
One thing about Tinubu is that he is not lazy.

The man is working very hard.

More grease to your elbows sir.
Tinubu is a failure as a president like no other

33 Likes 3 Shares

Topman7: 10:18am On Dec 12, 2024
Shevchenkko:
All media talk and nothing happens later.

SHUT UP.

IPOB.

66 Likes 9 Shares

GOFRONT(m): 10:20am On Dec 12, 2024
Audio German Investment

14 Likes 4 Shares

givedemwotowoto: 10:21am On Dec 12, 2024
The Minister of Solid Minerals Development, Dele Alake, highlighted ’s €1 billion fund for diversifying renewable energy supply chains. He noted that modifying fund conditions could make Nigeria’s solid minerals sector a viable destination for German investments.

has a €1 billion fund they set out to invest in renewable energy, how does that relate to the title? Propaganda doesn’t build a country

18 Likes 1 Share

morikee: 4:01pm On Dec 12, 2024
How about the ones secured by Buhari naso we go dey hear secure this secure that but nothing to show for it

11 Likes 2 Shares

bigdammyj: 4:01pm On Dec 12, 2024
Noted.
EagleMenage: 4:01pm On Dec 12, 2024
yoruboid: 4:01pm On Dec 12, 2024
His enemies said he will spend more than half of his tenure in the hospital

His enemies said he was all about the bala blu and he would not last a year

This is a man that tripped on his agbada at event and stood up like many of his detractors would not and still even attended a state function that same night

Clearly he’s mentally and physically strong and he will be the best president Nigeria ever had

I pray in the end we achieve regionalism because that is all that will make sense as far as I’m concerned

God bless President Bola Ahmed Tinubu

God bless Yorubaland

God bless Nigeria

72 Likes 5 Shares

Jasix(m): 4:01pm On Dec 12, 2024
wehdone!
I hope this can change the economic situation of Nigeria and Nigerians?
Life's not easy at all. Life is not easy. Life is not easy. I can't explain what I'm presently going through. Can someone kindly help me with something to buy some items for my kids?

4 Likes

richmond500: 4:01pm On Dec 12, 2024
Na this kind person weh wan use compare Obi?
Na wa for my people o

63 Likes 2 Shares

ogolemati: 4:01pm On Dec 12, 2024
grin grin grin grin cheesy cheesy grin grin grin I know Lagos landlord is equal to the task.when he is done , Nigeria will be like Lagos .more money to Lagos landlord

2 Likes

wonlasewonimi: 4:02pm On Dec 12, 2024
Investor BJ
trevorlinda: 4:03pm On Dec 12, 2024
massive lootin loading


Congratulations in advance to the looters

1 Like

Chidera57: 4:03pm On Dec 12, 2024
GOFRONT:
Audio German Investment

Lolz eggxactly

1 Like 1 Share

tobenuel(m): 4:04pm On Dec 12, 2024
Alaye show workings. is that all?


I can never sing praises for our Politicians



Is helinues here?, I can't find him

1 Like

Chidera57: 4:04pm On Dec 12, 2024
Last was french military base..
Now it German investor..
All these pple will help u rig next election?

U don enter one chance
lexy2014: 4:06pm On Dec 12, 2024
Topman7:
One thing about Tinubu is that he is not lazy.

The man is working very hard.

More grease to your elbows sir.

1 Billion Euros is not a small money.

how has this "hard work" translated into good governance and better standard of living for nigerians?

is this not the same way tinubu "secured" $1b from Indian investors 2years ago?

pls where are the indian investors and their $1b?

have you seen any of them around?

who and who are the German investors that will invest this 1billion euros?

2 Likes 1 Share

sofeo(m): 4:06pm On Dec 12, 2024
Great one.

2 Likes

Bayajjidda: 4:06pm On Dec 12, 2024
Topman7:


SHUT UP.

IPOB.

Where is the lies? When all Nigerians are now Ipob to you, it points to the fact you need to get your head examined.
lexy2014: 4:07pm On Dec 12, 2024
Chidera57:
Last was french military base..
Now it German investor..
All these pple will help u rig next election?

U don enter one chance

have you forgotten Indian investors and their $1b tinubu "secured" last year?

1 Like

Shevchenkko: 4:07pm On Dec 12, 2024
Topman7:


SHUT UP.

IPOB.
Olodo with no brains. You zombiees always believe everything the Mumu govt dish out
tobenuel(m): 4:08pm On Dec 12, 2024
yoruboid:
His enemies said he will spend more than half of his tenure in the hospital

His enemies said he was all about the bala blu and he would not last a year

This is a man that tripped on his agbada at event and stood up like many of his detractors would not and still even attended a state function that same night

Clearly he’s mentally and physically strong and he will be the best president Nigeria ever had

I pray in the end we achieve regionalism because that is all that will make sense as far as I’m concerned

God bless President Bola Ahmed Tinubu

God bless Yorubaland

God bless Nigeria
Have you prayed for Tinubu today?
PrinceOfLagos: 4:08pm On Dec 12, 2024
Government of propaganda and fake news

Where is the ones that they claimed they secured in Saudi and Qatar?

Unserious government of thieves

2 Likes

lexy2014: 4:09pm On Dec 12, 2024
yoruboid:
His enemies said he will spend more than half of his tenure in the hospital

His enemies said he was all about the bala blu and he would not last a year

This is a man that tripped on his agbada at event and stood up like many of his detractors would not and still even attended a state function that same night

Clearly he’s mentally and physically strong and he will be the best president Nigeria ever had

I pray in the end we achieve regionalism because that is all that will make sense as far as I’m concerned

God bless President Bola Ahmed Tinubu

God bless Yorubaland

God bless Nigeria

exactly.

so who and who are the German investors that are coming to invest this 1billion euros?

what happened to $1b investment tinubu "secured" from Indian investors last year?

has it not yet arrived?

3 Likes

43Ronin: 4:10pm On Dec 12, 2024
Why the unnecessary propaganda? set aside the money for their strategic investments, why naje it seem like the funds is coming to naija. Get to work & leave propaganda. You guys are disgracing good yoruba people in your yoruba govt
drnoel: 4:11pm On Dec 12, 2024
Editorialtimes:
Tinubu and German President Discuss Investment and Economic Reforms



Source: The Bureau Newspaper


He didn't secure anything. This issues has been ain the works, already discussed on both fronts. Reason the Germans came was to do the g. Abeg make we hear word

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