Germany and Nigeria bring together public and private sector to promote trade/investments Germany is one of the UK’s key export competitors in Nigeria. Germany’s main exports are similar to the UK’s and include goods such as machinery for power generation, motor vehicles, chemical products and manufactured goods. Our panel of experts highlighted that the German government has been proactively focusing on increasing its trade and investment in Nigeria over the past decade. One of the sectors Germany has particularly focused on has been the power generation sector. We illustrate Germany’s efforts through two examples, (i) the German-Nigerian Energy Partnership and (ii) recent contracts of German company Siemens in Nigeria:
i. The German and Nigerian governments signed a German-Nigerian Energy Partnership in 2008, and reaffirmed it by President Jonathan and Chancellor Merkel in 2012. As part of this partnership, ministerial groups from both countries work on energy reform in Nigeria. In addition to inter-governmental engagement, the German Nigerian Business Forums bring together energy entrepreneurs and companies from both countries to cooperate on practical commercial opportunities in the energy sector in Nigeria. Such partnerships and engagement of both public and private sector foster relationships and networks that are key to the success of German businesses in Nigeria.
ii. Siemens has won a number of gas-turbine and solar power plant contracts in Nigeria. Siemens has built strong links with the Nigerian government alongside the German-Nigerian Energy Partnership. Siemens entered into a strategic partnership with the Ministry of Power in 2012 to consider co-financing some of Nigeria’s new power plants. In the last 12 months, Siemens has signed a contract to provide a power-turbine for a new gas-power plant in the South of Nigeria on top of servicing its turbines in three other plants built under the National Integrated Power Project. In addition, Siemens is also building a solar power plant in Plateau State.