Nigeria, Germany to strengthen economic ties amid growing trade relations

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Nigeria and Germany are poised to enhance their bilateral economic relations, with a particular focus on trade and investment.


In 2024, trade between the two nations demonstrated significant activity, with Germany importing goods worth €142 million from Nigeria and exporting €84.6 million to Nigeria in November alone.


This resulted in a trade deficit of €57.5 million for Germany. Over the past five years, however, Nigeria’s exports to Germany have declined at an annualised rate of 5.83 per cent.

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