In a bid to empower businesses in transportation and distribution of electric power, President Bola Tinubu has asked for German investment in vital sectors, including electricity and rail transport.
According to a statement released by the president’s spokesperson, Ajuri Ngelale, Tinubu made the request at a meeting with German Chancellor, Olaf Scholz on Monday in Berlin, outside the G20 Compact with Africa Economic Conference.
According to the President, important growth-enabling businesses in transportation, energy, and the generation, transmission, and distribution of electric power require German investment.
Tinubu brought up the issue of value-added processing in Nigeria’s solid minerals, agriculture, automotive industry, and other job-generating sectors to the German leader’s notice.
“For me, I am very much committed to pursuing all aspects of the Siemens power project and the skill development opportunities that will emerge from that project for our talented youths who can participate in sustaining the industry,” Tinubu said.
Meanwhile, the German Chancellor, Mr Olaf Scholz stated that he was prepared for the development but in order to move forward, financial and administrative obstacles resulting from the sector’s governance issues needed to be addressed.