Ngba Digital Time

Germany, Djibouti Seek Stronger Trade Ties with Nigeria

Consul General of the Germany Embassy in Nigeria, Mr. Ingo Herbert, has said Nigeria’s drive towards development and job creation for its teeming unemployed youth population would require adequate investment in energy.

Herbert spoke in Lagos recently at a seminar on Financing Renewable energy projects put together by the Consulate General of the Federal Republic of Germany and two German agencies; Herbert said that with the huge energy deficit in the country, there are a lot of possibilities to be tapped in the renewable energy sub-sector.

Also, Djibouti President Ismail Omar Guelleh has indicated the interest by his country to build stronger ties with Nigeria in the area of trade and tourism.

Guelleh said Nigeria and Djibouti could work together to stimulate economic integration between the eastern and western Africa.

The president who was represented by the Chairman of Djibouti Ports and Free zones Authority, Aboubaker Omar Hadi spoke at Djibouti Export Free Trade Zone Business Forum organized by Djibouti Consulate in Nigeria at Federal Palace, Lagos recently.

Guelleh said his country is developing air cargo business that will serve Nigeria and other African countries that currently endure long transit times for their imports coming from Asia.

“A container shipped from Shanghai to Abuja can take anything up to 75 days while a sea-air option trans-shipped in Djibouti only tales a maximum of 20 days,” he said.

He added that the return flight would encourage African countries to also export their fresh produce to countries in the Middle East and beyond.

According to Gulleh, the east African is also building a new industrial free trade zone occupying a total area of 4350 hectares and is located next to all the major ports and airport in the country. The facility will offer access to growing African market such as Nigeria,” he said.

Djibouti is also looking forward to enter into bilateral agreement with Nigeria in the area of rail transport with a view to establishing connection among all regions of Africa.

Herbert also stated that with the huge opportunities in renewable energy subsector, it implies that projects that would be executed need financing reason he felt the topic of the seminar is important.

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