Korede Abdullah 
President Bola Tinubu
ABUJA, Nigeria – Nigeria and Germany conclude negotiations on a new bilateral cooperation framework aimed at expanding investment, energy transition, healthcare and private-sector growth between both countries.
The agreement, scheduled for signing in Abuja on Thursday, follows negotiations involving more than six Nigerian Ministries, Departments and Agencies alongside representatives of the German Embassy and Germany’s Federal Ministry of Economic Cooperation and Development.
Nigeria’s Minister of Budget and Economic Planning, Abubakar Bagudu, says the renewed partnership marks “a new phase centred on economic transformation, mobilising private capital, sustainable infrastructure, the energy transition, youth empowerment and long-term resilience.”
The cooperation framework covers agriculture, healthcare, governance, vocational education, renewable energy and enterprise development.
Bagudu describes Germany as one of Nigeria’s most trusted development partners, highlighting more than five decades of collaboration across critical sectors.
“The global development landscape is becoming increasingly complex, shaped by economic pressures, geopolitical uncertainties, climate-related challenges and shrinking development finance,” he says.
“These realities make strong, trusted partnerships even more important.”
According to the minister, the agreement builds on the Nigeria-Germany Binational Commission and the Nigeria-Germany Business Forum, both designed to deepen trade and investment ties.
Bagudu also says reforms under President Bola Tinubu’s Renewed Hope Agenda, including foreign exchange liberalisation and infrastructure investment, are improving macroeconomic stability and investor confidence.
He reaffirms Nigeria’s commitment to a just energy transition through initiatives such as the Nigeria Energy Support Programme and the Energy Transition Challenge Fund.
German Ambassador to Nigeria, Annett Günther, describes Nigeria as a strategic African partner whose leadership within the Economic Community of West African States and the African Union remains crucial to regional stability and economic integration.
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Oluwatobi Adu 
