TheCable

President Bola Tinubu will depart Abuja, the nation’s capital city, on Saturday for a G20 ‘Compact with Africa’ (CwA) conference in Berlin, Germany.

The conference is scheduled for November 20.

Olaf Scholz, German chancellor, is the host of the conference.

Tinubu will join other world leaders of CwA member countries, bilateral partners, and heads of international organisations to deliberate on ways to boost investments in areas such as energy, trade, infrastructure, and new technologies, among others.

In a statement on Friday, Ajuri Ngelale, presidential spokesperson, said the G20 CwA conference would be taking place alongside the fourth G20 investment summit co-hosted by the German government and German business associations.

“In view of President Bola Tinubu’s globally recognized drive for foreign direct investment in Nigeria, the President will sustain the momentum and advance the mission further as he leads Nigeria’s delegation to participate in the investment summit,” Ngelale said.

“This visit also affirms President Tinubu’s commitment to diplomatic reciprocity as the invitation to Germany from the German Chancellor is being honoured following the visit of the German Chancellor to Abuja and Lagos, Nigeria, from October 29 to October 30, 2023.

“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 organizations 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, all while noting that Nigeria remains Germany’s second largest trading partner in Africa.”

Tinubu will be accompanied on the trip by Yusuf Tuggar, minister of foreign affairs; Wale Edun, minister of finance; Doris Uzoka-Anite, minister of trade; and Adebayo Adelabu, minister of power.