Lagos State Governor, Babajide Sanwo-Olu, said Nigeria has a lot of lessons to learn from Germany’s industrialisation trajectory as the nation seeks to reverse its infrastructural deficit, build capacity across various production value-chains and develop the economy.
Noting that the engagement during the two-day visit would be further deepened for the country’s mutual benefits, he said the bilateral business forum was coming at a crucial time in the life of the nation when a majority of the conversation is built around strengthening the economy by attracting Foreign Direct Investment , deepening domestic production and growing the nation’s non-oil export.
In his address, Scholz said his visit was to increase trade and investment as well as improve local manufacturing. He noted that the country is investing heavily in energy, which he said aims to foster hydrogen and all the things that are important for an economy that can produce all the necessary goods for the people without harming the environment.
According to him, both countries have promoted trade relations for over 37 years and have facilitated business, opened doors and built valuable relationships in tech, power, talent training, manufacturing, finance, construction, and investment. Heavy price gains recorded by many bluechip firms, largely Dangote Cement and Geregu Power Plant, ensured that the Nigerian Exchange Limited closed the month of October 2023 in an upbeat yesterday, causing market capitalisation to soar by N536 billion.
In recognition of Fidelity Bank Plc’s commitment to fostering bilateral trade and economic development between the City of Houston in Texas and Nigeria, the City of Houston has designated October 25 as Fidelity International Trade and Creative Connect Day
Source: News Formal (newsformal.com)
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