Germany's Scholz says his country willing to invest in Nigerian gas, minerals
German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa.
This is the third visit to the region by Scholz in two years and comes as conflicts elsewhere highlight the growing importance of an energy-rich region in which Berlin has traditionally had little involvement.
"There is a willingness to invest, especially in critical minerals," Scholz told reporters at a joint briefing with Nigerian President Bola Tinubu in the capital Abuja.
On gas, he welcomed Nigeria's efforts to expand its LNG capacity.
"If we are successful, if there is a better chance of exporting the produced gas ... it is then the question for German companies to do their private business," said Scholz.
Tinubu said he had "a very deep discussion" on the issue of gas and encouraged German businesses to invest in pipelines in Nigeria.
Nigeria is also seeking to woo investors to its mining sector, which has long been underdeveloped, contributing less than 1% to the country's gross domestic product.
Without giving details, Scholz said there was also a willingness from German companies to build railways in Nigeria. That sector is currently dominated by Chinese companies, which have won contracts to expand rail lines in Africa's biggest economy.
Scholz also met the president of the commission of West African regional group Ecowas and said it was necessary to work with the bloc "to prevent that putsches will become a trend" following recent military coups in Niger and Gabon.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
