The German Ambassador to Nigeria, Dr Bernhard Schlagheck, disclosed in Abuja on Monday that the volume of trade between Nigeria and Germany shrank to 3.5 billion Euros in 2016.
Schlagheck in an interview said that the trade volume dropped by about 2.5 billion Euros from six billion Euros recorded in 2015. The envoy blamed the fall on the economic downturn in Nigeria, expressing his determination to work toward increasing the volume of trade between the two countries.
He said that as part of efforts to deepen bilateral economic relations, the German Government was supporting market exploration missions by business delegations to Nigeria.
The envoy explained that “dual” in this context meant a combination of practical, on-the-job training and theoretical education at a vocational school to ensure proper balance of theory and practice.