Kehinde Fajobi
German President Frank-Walter Steinmeier on Thursday explored Nigeria’s vibrant start-up ecosystem, marking the conclusion of his two-day visit to the country.
In Lagos, Nigeria’s commercial hub, Steinmeier engaged with five innovative start-ups showcasing projects, including an electronic health insurance card platform and a financing service for entrepreneurs.
Nigeria, Africa’s most populous nation with half its population under 18, has emerged as a leading start-up hub on the continent.
The Nigeria Startup Act, enacted in October 2022, has driven growth, particularly in tech and IT sectors.
Addressing Nigerian entrepreneurs, Steinmeier highlighted the potential for collaboration between the two nations.
“Germany is still the country of modern technology; Nigeria is rich in resources and a creative young generation. We are perfect partners. So let’s realise our potential,” he said.
Before departing for South Africa, Steinmeier met with renowned Nigerian writer and Nobel laureate Wole Soyinka.
His four-day African tour will also include a stop in Lesotho.