FG woos German investors with reform profits

The federal government has called on German investors and businesses to expand their investments in Nigeria, saying ongoing economic reforms under President Bola Ahmed Tinubu have created new opportunities across major sectors of the economy.

Minister of Budget and Economic Planning, Senator Abubakar Bagudu, made the appeal at the Nigeria–Germany Business Day held in Lagos on Monday night.

The event, organised by the German Embassy, was themed “Germany and Nigeria: Cooperating for Development and Business Promotion.”

Addressing government officials, investors and business leaders from both countries, Bagudu said the Tinubu administration had taken difficult but necessary decisions aimed at restoring macroeconomic stability and improving investor confidence.

According to him, the reforms are gradually producing positive results and making the Nigerian economy more predictable for local and foreign investors.