Recently, President Bola Tinubu and Germany Chancellor, Olaf Scholz reached an agreement designed to add 12,000mw of electricity to the national grid and a $500 million worth of gas export deal. The Nigeria Solid Minerals Development Fund and GeoScan GmbH of Berlin, Germany also signed a Memorandum of Understanding on solid mineral development.
The Chairman, Jos Hansen Nigeria Limited and Alga Africa Limited, Mr. Des Braithwaite, who heads the companies in Nigeria, said: “There has been some unusual focus on Nigeria by the German government and Jos Hansen Alga being a company with German shareholding hold dearly to these initiatives on both sides and want to support them.
“We have the capacity, willingness, and joint interest to promote German and EU interest in Nigeria and Nigerian interest in the EU.”
Speaking at the Jos Hansen – Alga Africa and United Nations Industrial Development Organization (UNIDO) Private Sector Mission-Nigeria programme in Lagos, he said: “We pray that government policies and particularly the economic policies continue to be favourable, and we look forward to using the opportunity of this gathering to further network and support core objectives of UNIDO and Investment and Technology Promotion Office (ITPO), which are ending hunger by helping businesses from farm to fork.
“This includes stopping the climate change crisis by using renewable energy and energy efficiency to reduce industrial greenhouse gas emissions and supporting sustainable supply chains so that developing country producers get a fair deal and scarce resources are preserved.
“ITPO provides services for potential investment partners and institutions, engage in promotion of sustainable technologies to potential beneficiaries, as well as promote investment and technology tools.”
He noted that the steps the current government has taken towards steering the ship of Nigeria back on the right track through subsidy removal and unified exchange rate have micro effects on the populace.
