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.