Nigeria, Germany Deepen Skills and Tech Partnership to Power $1 Trillion Economy Goal
Nigeria is strengthening its partnership with Germany to accelerate its drive toward a $1 trillion economy by 2030. The collaboration focuses on technology transfer, vocational training, and legal migration—key elements the government believes will unlock youth potential and boost industrial capacity.
During a meeting in Abuja with a high-level delegation from the Chamber of Industry and Commerce (IHK) Giessen-Friedberg, led by CEO Mathias Leder, the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, emphasized the importance of private-sector innovation in Nigeria’s economic transformation. He noted that the government’s reforms in education, digital economy, and youth empowerment are designed to align Nigerian talent with global labour market demands.
Bagudu reaffirmed Nigeria’s commitment to curbing illegal migration through legal and structured pathways for skilled workers. “We are building a country where opportunities are being created so that lawful migration becomes a choice, not a necessity,” he said. He also encouraged German firms to expand their investments in Nigeria’s manufacturing and technology sectors, highlighting the country’s vast domestic market and human capital as key competitive advantages.
The minister revealed that Nigeria’s upcoming National Development Plan (2026–2030) will incorporate strategic international partnerships to strengthen the economy. He added that his ministry is working to identify economic opportunities across all local government areas to foster inclusive growth through innovation and technology.
On his part, Mathias Leder praised Nigeria’s active participation in recent German business events, noting strong investment interest from European firms. He announced plans for a global B2B investment conference scheduled for June 2026, where Nigeria will showcase its priority sectors. Leder also disclosed ongoing programs supporting legal migration, women entrepreneurs, and youth vocational training, saying these initiatives represent a new phase of cooperation between both nations.
source: Leadership