Home / NEWS / Nigeria, Germany Signs MoU In Agric, Commerce

Nigeria, Germany Signs MoU In Agric, Commerce

Nigeria and Germany on Friday in Abuja signed two Memoranda of Understanding (MoU) in agriculture and commerce as part of part of the visit of German Chancellor Angela Merkel

The first agreement was signed between the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the German-Africa Business Association.

The First Deputy National President of NACCIMA, Hajiya Saratu Iya-Abubakar, signed on behalf of Nigeria, while Dr Stefan Liebing of German Africa Business Association, signed on behalf of the German business delegation.

The second agreement was signed between the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and the PETKUS Technologie GmbH, a company that specialises in post-harvest agricultural value chain.

The Managing Director of NIRSAL, Mr Aliyu Abdulhameed, signed on behalf of Nigeria, while the representative of PETKUS Technologie GmbH, Peter Huser, signed for the Germans.

Speaking after signing the MoUs, Nigeria’s Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, said the agreements would increase the collaboration between Nigeria and Germany in the two areas.

According to Enelamah, the agreements will also leverage small and medium enterprises in Nigeria.

“We want our SMEs to learn from the German experience.

“The other area of German excellence is the technical area: technical education, technical training and technical development.  It’s also an area of great interest to Nigeria.

“We are also working with Germany in the automobile sector because that is also an area where Germany is a leader and Nigeria clearly has a policy to be a leader in the auto sector in West Africa and Africa.”

The minister said that all these agreements would require high levels of engagement, collaboration and communication to be actualised.

Also speaking, Abdulhameed said the MOU signed between NIRSAL and PETKUS was borne out of the realisation of the available opportunities for investments in the Nigerian agricultural sector under the President Muhammadu Buhari administration.

“Under the current administration and the present agricultural promotion policy of this government, there are ample opportunities for investors in terms of technology and capital, to come to Nigeria and to invest in the agricultural sector.

According to Abdulhameed, NIRSAL provides for the risk environment and mechanisms to enable investors like PETKUS to come to Nigeria and do their business.

He noted that the agreement would go a long way in reducing the 51.3-tonne of aggregate food production, equivalent of about nine billion dollars which the Food and Agriculture Organisation (FAO) report says Nigeria loses annually.”

About Dotun Roy

DotunRoy.com is a development driven news website with the overall goal of amplifying, promoting and advocating for positive societal change through Sustainable Development advocacy in line with UN SDGs components such as education, environmental sustainability and Climate Change, Human Rights, health, finance, housing, good governance as well as security in Nigeria and across the world.

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