• About
  • Advertise
  • Contact
Friday, October 3, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

G20 Compact With Africa Summit : Nigeria Seeks More Investments

Vital News by Vital News
November 20, 2023
in Business
0
G20 Compact With Africa Summit : Nigeria Seeks More Investments
Share on FacebookShare on Twitter

Nigeria’s President, Bola Ahmed Tinubu says Nigeria is ready to attract investments that will propel the nation on path to success, enabling it to transcend Africa’s current status and usher in a new era of development.

He stated this in Berlin on Monday, during the first panel discussion session, of the ongoing G20 Compact With Africa Summit, titled “Fostering Local Value Chains and Investment In Africa -The Role Of The German Private Sector.”

President Tinubu urged for a deeper comprehension of African data, particularly that of Nigeria, following its high population density, saying this calls for a genuine commitment to establishing assembly plants, manufacturing various automotive components, and making full-fledged investments in Nigeria.

“The critical path to success is to be able to leapfrog from where we are today to the next generation of development and we are opening the door for all of that.

“We should continue to understand the data of Africa, when you look at Nigeria alone, the vehicular density of Nigeria calls for a sincere commitment to assembly plants, various automotive parts and full investment,” he added.

RelatedStories

Dangote Refinery Reviving Moribund Companies In Nigeria – Manufacturers

SON Commends Dangote Cement For Achieving Excellence In Nigeria’s Manufacturing Sector

Dangote Cement, Obajana, Secures IMS Certification, Raises Standard In Manufacturing

President Tinubu Commiserates With Families Of Victims Of Afriland Towers Fire Incident

The President underscored the highly educated and energetic youths in Nigeria as a valuable human capital resource, that offers immense potential to attract investors.

He added that this presents a demographic advantage that incentivises businesses to make commitments in Nigeria.

The Nigerian leader vowed that with his commitment to upholding the rule of law, no investment will be lost in Nigeria.

He further pledged to seize the opportunities presented to Africa by Europe in changing the narratives of its economy.

“The energetic and well-educated population of youths in Nigeria is enough to attract investors into Nigeria also human resources is a great capital incitement for investors

“We are reforming the rule of law, we are adhering to that and we will continue to promote the opportunity given to Africa by Europe,” President Tinubu added.

Also Speaking on the Panel, the President of Cote D’Ivoire Alassane Oauttara, said If Nigeria succeeds, the entire West Africa will thrive, he emphasized the need for trade partnerships among African countries.

Ouattara appealed to German enterprises to step ahead in terms of training locals of partnering African countries to advance production content.

President of Senegal, Macky Sall stressed the place of working hand in hand with Europe, saying Africa is ready to do business with Germany and the rest of the European countries.

He called for increasing access to the increasingly global market to advance the African continent.

The Host of the G20 Compact With Africa Summit, German Chancellor Olaf Scholz said in his message to German investors that the most important lesson is not to underestimate the potential of Africans.

Chancellor Scholz said that Africans are trying to be at the forefront of technology, he added that Africa is a place to transact in Foreign Direct Investment.

The CEO of Siemens Sub Saharan Africa, Sabine Dall’ Omo, said Africa provides the opportunity to invest and develop new technologies.

She added that working with Africa will proffer solutions to most challenges facing the EU in the area of climate change.

“We will continue to be in Africa and we will make sure modern technology in infrastructure, rail, road, water, health and are available to change Africa’s outlook,” Sabine Dall’ added.

Out of the 18 African countries attending the one-day Compact with Africa (CwA) summit, 10 nations, namely Egypt, Ethiopia, Benin, Côte d’Ivoire, Ghana, Morocco, Rwanda, Senegal, Togo, and Tunisia are CwA member-countries.
(VON / vitalnewsngr.com)

 

 

 

 

Tags: GermanyinvestmentssummitTinubu
Previous Post

Emirates To Resume Dubai-Nigeria Flights Soon – Keyamo

Next Post

Ogun Commences Phase 2 Disbursement Of N1bln Grant To MSMEs

Vital News

Vital News

RelatedStories

Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Business

Dangote Refinery Reviving Moribund Companies In Nigeria – Manufacturers

September 24, 2025
Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

SON Commends Dangote Cement For Achieving Excellence In Nigeria’s Manufacturing Sector

September 23, 2025
Dangote Cement, Obajana, Secures IMS Certification, Raises Standard In Manufacturing
Business

Dangote Cement, Obajana, Secures IMS Certification, Raises Standard In Manufacturing

September 22, 2025
C-ISOWN Praises President Tinubu On Credible Delivery Of Social Welfare Programmes, Achievements In Nigeria
Business

President Tinubu Commiserates With Families Of Victims Of Afriland Towers Fire Incident

September 18, 2025
Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair
Business

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

September 15, 2025
Next Post
As Ogun Moves To Preserve Abeokuta-Sagamu Road  by Funmi Branco

Ogun Commences Phase 2 Disbursement Of N1bln Grant To MSMEs

Lagos Charges Young Entrepreneurs On Commitment

Lagos Begins Massive Clamp Down On Street Beggars

G20 Compact With Africa Summit : Nigeria Seeks More Investments

Tinubu, Scholz Meet Over Siemens Handlings Of Power, Rail Projects In Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

FEC approves N14bn to train 50,000 non-graduates for 9 months

4 years ago
Lagdo Dam Water Release, Taraba Issues Flood Alert To 6 LGAs

Lagdo Dam Water Release, Taraba Issues Flood Alert To 6 LGAs

2 years ago

EFCC charges Ex-Army Chief, Minimah to court over N13 billion fraud

4 years ago

Sultan Declares Friday, April 21 Eid-el-Fitri

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

Bandits Kidnap Police Officer In Kwara

Death Toll In Ibaji Boat Mishap Rises To 36

Arrest of 147 Terrorists In One Week, Confirms Tinubu Is Boosting Troops’ Morale – Group ‎

Fubara Sacks Commissioners, SSG, SAs, SSAs

2027 : Group Holds Awareness Walk In Kogi, Reaffirms Commitment To Vision, Leadership Of President Tinubu

Trending

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From  October 29
News

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29

by Vital News
October 2, 2025
0

The Kogi State Government says it will commence strict enforcement of ban on Zariagi, Osara and other...

Realnews Announces Theme, Date For It’s 13th Anniversary Lecture

October 2, 2025
Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji,  For Hard Work, Dedication

Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication

October 2, 2025
FG Cancels Independence Anniversary Parade

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

October 2, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Bandits Kidnap Police Officer In Kwara

October 2, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29 October 2, 2025
  • Realnews Announces Theme, Date For It’s 13th Anniversary Lecture October 2, 2025
  • Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication October 2, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In