German Ambassador to Nigeria, Annett Gunther, has said trade relations between Nigeria and Germany stands at about three billion euros. Gunther, who made this known in an interview with the News Agency of Nigeria (NAN) yesterday in Abuja, said the trade relations between both countries had grown over the years.
Specifically, she said the trade relations grew from two billion euros in 2022 to three billion euros with balance of trade in favour of Nigeria because of crude oil export.
She said: “I think agriculture is a very good area for cooperation, not only because we can help in the area of food security, which is important to Nigeria, but also in improvement of export of processed products.
“Instead of selling more raw products, we will have more value creation within the country to create more jobs.”
“As part of our development cooperation, we have an agriculture programme that also focuses on exactly that value chain, which supports small and medium-size enterprises in the sector.”
The envoy said German delegations had attended trade fairs in Lagos, like the agri-food festival with German companies participating and having one of the biggest pavilions.
