Nigeria–Germany Trade Boom: Bilateral Deals Hit Record €3 Billion Mark

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, says relations between Nigeria and Germany have continued to grow stronger, with more than 90 German companies now operating across the country.

Tuggar made this known during the German Unity Day celebration in Abuja over the weekend, describing the bilateral partnership as one built on “innovation, resilience, and shared prosperity.”

Represented by the Chief of Protocol in the Ministry of Foreign Affairs, Ambassador Wahab Akande, the minister noted that German firms in Nigeria are playing a key role in boosting job creation and facilitating technology transfer.

“Over 90 German companies now operate in Nigeria, contributing to job creation and technology transfer, and reinforcing Germany’s position as Nigeria’s second-largest trading partner,” he stated.

Trade Volume Rises to €3 Billion

Tuggar disclosed that bilateral trade between the two countries has risen sharply, recording a 30 per cent increase to reach an all-time high of €3 billion.

“The trade volume between Nigeria and Germany has surged by an impressive 30 per cent, reaching an all-time high of three billion euros. This milestone reflects not only the resilience of our economies but also the mutual trust and shared vision that bind our nations,” he said.

The minister added that beyond trade, both nations have strengthened collaboration through strategic agreements in education, renewable energy, security, and industrial development.

While celebrating Germany’s unification and long-standing friendship with Nigeria, Tuggar hailed Germany as a global leader in innovation and diplomacy.

“Germany stands as a beacon of innovation, resilience, and global cooperation—qualities Nigeria values in one of its most important partners,” he said.

Tuggar reaffirmed Nigeria’s readiness to deepen engagement with Berlin to promote sustainable growth, economic diversification, and stronger people-to-people ties.

Germany Reaffirms Partnership

In her remarks, the German Ambassador to Nigeria, Mrs. Annett Günther, announced that the German-Nigerian Binational Commission will hold its next session in Berlin in early November.

“We will discuss ways to further expand this partnership, particularly in energy and climate cooperation, investment and mineral resources, cultural exchange, and migration,” she noted.

Günther stressed that both nations—being leading economies and the most populous countries on their respective continents—are determined to realign their partnership toward emerging global opportunities.

“Germany and Nigeria want to join forces and come closer together to adapt their cooperation to new opportunities,” she added.

The envoy described Nigeria as an indispensable ally in maintaining global peace and upholding the international rules-based order.

“Nigeria remains a strong partner in preserving the international order based on international law and the UN Charter, and a strategic partner for Germany in Africa,” Günther said.

She reaffirmed Germany’s commitment to ongoing cooperation in areas such as green energy, vocational training, and good governance.

With bilateral trade now at a record high and new high-level talks scheduled in Berlin, officials from both sides say the priority is to translate this momentum into sustainable growth, technological exchange, and expanded energy collaboration.