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Nigeria Signs MoU with Germany on Gas Supply and Renewable Energy

today11/22/2023 10

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The economic partnership between Nigeria and Germany witnessed further expansion and strengthening on Tuesday as two important agreements were signed among businesses from both countries.

Speaking at the 10th German-Nigerian Business Forum in Berlin, Germany, the President Bola Tinubu said with resilient democracy, Nigeria was well primed to attract foreign direct investments.

Tinubu witnessed the signing of two Memoranda of Understanding, MoU, one on the supply of gas from Nigeria to Germany and another for $500 million worth of renewable energy projects in Nigeria.

The signing of MoUs was between Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany on the gas export partnership, while the other signed pact brought together Union Bank of Nigeria and DWS Group on cooperation in renewable energy.

Written by: Helen Obih

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