Nigeria, Germany to strengthen economic ties at fair
Nigeria and Germany are expected to strengthen bilateral economic ties with a focus on trade and investment.
Indeed in 2024, trade between Nigeria and Germany exhibited notable activity, with Germany importing €142m worth of goods from Nigeria and exporting €84.6m to Nigeria in November alone, resulting in a trade deficit of €57.5m for Germany.
Over the past five years, Nigeria’s exports to Germany have decreased at an annualized rate of 5.83 per cent.
In a statement made available by the Delegation of German Industry and Commerce in Nigeria to PUNCH Online on Thursday to herald the 10th edition of a trade fair for agro-processing, food and beverage, plastics, and packaging scheduled to hold from March 25th-27th, 2025, in Lagos, the fair is also underscore Germany’s strong trade and investment ties with Nigeria.
The statement also stated that with strong backing from industry stakeholders and government bodies, the trade fair aims to drive growth and innovation across Nigeria’s agro-processing, food production, and packaging industries.
“Over 15 countries set to showcase innovations at Nigeria Agrofood, plastprintpack. Over 100 exhibitors, government representatives, and industry experts from more than 15 countries are set to attend Nigeria Agrofood, plastprintpack 2025.
A major highlight of the 2025 edition is Germany being honored as the Guest of Honour and to underscore Germany’s strong trade and investment ties with Nigeria.”
Similarly, the statement added that the three days of networking, innovation, and business opportunities for industry leaders, will showcase cutting-edge technologies and solutions.
“This year’s event will also host national pavilions from Germany, China, the Netherlands, and South Africa, further emphasising the fair’s international significance.
“The event is being organised in partnership with the Delegation of German Industry and Commerce in Nigeria and many other partners.
“The event is expected to attract key decision-makers, investors, and business leaders looking to explore new opportunities in one of Africa’s largest markets,” the statement averred.
