Would you like to receive notifications on latest updates of the following headlines?

German eye Nigeria's mineral wealth as foreign direct investments surge

POSTED ON April 3, 2025 •   World      BY Abiodun Saheed Omodara
Deputy Head of Mission at the German Embassy in Nigeria,Ambassador Johannes Lehne

Ongoing initiatives to draw in Foreign Direct Investments (FDIs) seem to be bearing fruit, as certain companies from Germany have expressed interest in investing in the country's abundant mineral resources.

The Deputy Head of Mission at the German Embassy in Nigeria,Ambassador Johannes Lehne, shared this insight, noting that German firms are actively seeking opportunities and have utilized satellite mapping to assess Nigeria’s resources.

They are also in discussions with state governments to secure investment prospects. 

During a recent episode of Nextier’s ‘Crossing Perspectives’ Podcast with  Managing Partner at Nextier,Dr. Ndu Nwokolo, the ambassador emphasized that improvements in security and energy infrastructure are essential for attracting sustained foreign investment.

The discussions between the German government and the public policy think tank, Nextier, examined the evolving development cooperation between Germany and Nigeria, as well as West Africa, with a focus on economic growth, security, climate resilience, and investment opportunities.

Lehne underscored the long-standing partnership between Germany and Nigeria, pointing out the ongoing economic advancements in Nigeria. He remarked that “the German government recognizes that the reforms President Tinubu has implemented over the past two years are taking effect. Inflation is decreasing, foreign exchange reserves are stabilizing, and oil production is on the rise.”

READ ALSO
French Parliament Passes Bill Assisting Patients To Die
BY Abiodun Saheed Omodara May 28, 2025 0

The French parliament has voted to grant individuals in the final stages of terminal illness the opt...

READ ALSO
Visa 'Extraction Scheme': Africans Lose Over €60M Annually to Denied Western Visas, Sparking Outcry and Reform Demands
BY Suleiman Jimoh May 28, 2025 0

The Brief•    Africa lost over €56 million in non-refundable Schengen visa fees...

READ ALSO
Russian Airstrikes Claim 12 Lives Amid Ongoing Prisoner Swap
BY Abiodun Saheed Omodara May 25, 2025 0

Russian airstrikes resulted in the deaths of at least 12 individuals in Ukraine overnight into Sunda...

READ ALSO
Australia's Central Bank Cuts Interest Rate to 3.85% Amid Global Tariff Uncertainty
BY Abiodun Saheed Omodara May 20, 2025 0

On Tuesday, Australia’s central bank reduced its main interest rate to its lowest level in two...

READ ALSO
Trump Launches Investigation into Kamala Harris over Celebrity Endorsements
BY Abiodun Saheed Omodara May 19, 2025 0

US President Donald Trump announced on Monday that he plans to initiate a “major investigation...

READ ALSO
Trade Tensions Rise as South Korea and U.S. Prepare for Key Discussions
BY Abiodun Saheed Omodara May 16, 2025 0

AFP - South Korea is prepared to restart tariff discussions with Washington during an important APEC...

READ ALSO
Will Pope Leo XIV Lose His American Citizenship? A Legal and Diplomatic Puzzle Unfolds
BY Abiodun Saheed Omodara May 14, 2025 0

VATICAN CITY – When Cardinal Robert Francis Prevost was elected Pope Leo XIV on May 8, he beca...

READ ALSO
China, Nigeria Strengthen Diplomatic Ties through Cultural Exchange
BY Abiodun Saheed Omodara May 12, 2025 0

ABUJA, Nigeria - China and Nigeria are seeking to strengthen their diplomatic ties through cultural...

OUR CHANNELS:

Buhari Urges Patience with Economic Reforms under Tinubu's Leadership
BY Abiodun Saheed Omodara May 29, 2025 0

Former President Muhammadu Buhari has told Nigerians that the ongoing economic reforms under his suc...


WHO Struggles to Stabilize Finances Amid $1.7 Billion Deficit and Major Donor Withdrawal
BY Abiodun Saheed Omodara May 29, 2025 0

The World Health Organization (WHO) attempted to stabilize its finances during its annual assembly t...


Economists Warn of Debt Sustainability Risks as Nigeria Eyes $24.14 Billion in Foreign Loans
BY Abiodun Saheed Omodara May 29, 2025 0

Nigeria's public debt is poised for another substantial increase as President Bola Tinubu has sought...


Diphtheria Outbreak Claims Lives of Children in Imo Community, Government Closed Schools
BY Abiodun Saheed Omodara May 29, 2025 0

A diphtheria outbreak in the Mbutu Community of Aboh Mbaise Local Government Area in Imo State has r...


Lagos Commits to 24-Hour Electricity for Residents and Manufacturers
BY Abiodun Saheed Omodara May 29, 2025 0

LAGOS , Nigeria - The State Government of Lagos, through its Ministry of Energy and Mineral Resource...


Court Orders El-Rufai to Compensate community Elders N900M for Illegal Detention
BY Abiodun Saheed Omodara May 29, 2025 0

KADUNA, Nigeria - A Federal High Court in Kaduna has ordered former Kaduna State Governor Nasir El-R...


French Parliament Passes Bill Assisting Patients To Die
BY Abiodun Saheed Omodara May 28, 2025 0

The French parliament has voted to grant individuals in the final stages of terminal illness the opt...


Visa 'Extraction Scheme': Africans Lose Over €60M Annually to Denied Western Visas, Sparking Outcry and Reform Demands
BY Suleiman Jimoh May 28, 2025 0

The Brief•    Africa lost over €56 million in non-refundable Schengen visa fees...


LASG Launches 2025 Entrance Exam for Junior Secondary Schools
BY Abiodun Saheed Omodara May 29, 2025 0

LAGOS, Nigeria - The Lagos State Government has announced the start of the 2025 entrance examination...


PDP ex-chairman’s son, partner bag 14yrs imprisonment over N2.2bn subsidy fraud
BY Abiodun Saheed Omodara May 29, 2025 0

The son of former Peoples Democratic Party (PDP) chairman Ahmadu Ali, Mamman Ali and his partner Chr...


More Articles

Load more...

Menu