• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Productivity, Innovation Will Balance Trade Between Nigeria, Germany’

by Femi Oyeweso
4 months ago
in News
Nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

The chief executive officer of CCI Giessen-Freidberg, a German Chamber of Commerce and Industry, Dr Matthias Leder, has said that the only way the federal government can change the narrative of trade imbalance that the country is currently having with Germany is to improve labour and capital productivity and engage in innovation.

Advertisement

Leder, who bemoaned the below one per cent volume of trade between the two countries, said both nations must put efforts in place to improve the situation for the benefit of the two countries.
He stated this at the opening of the 14th Gateway International Trade Fair in Abeokuta, the Ogun State capital.

He noted that the trade balance between Germany and Africa, particularly Nigeria, is very uneven compared to Brazil and the Republic of China.

According to him, Germany does a lot of trading with Brazil and China, but its volume of international trade with Africa is two per cent, of which Nigeria is less than one per cent. He says his dream is to see the exchange between Germany and Nigeria grow.

Leder, who observed that international trade has always been a cornerstone of prosperity and development, stressed that Germany was poised to change the narrative of the trade imbalance that Nigeria is having with Germany.

RELATED

Maku Raises Alarm Over Fake Result Sheets In Nasarawa

Maku Refutes Claims Linking Benue Tour To Political Motive

37 seconds ago
FCTA

Abuja Natives Oppose FCTA’s Relocation Policy, Insist On Integration, Justice

11 minutes ago

He added that China’s investment in Africa in the last twenty years is much more than that of Europe as the country invested in infrastructure, rail, ports, telecommunications, etc. The German trade envoy declared his country would work to close the gap in the balance of trade with Nigeria, the most populous black nation in the world.

Leder, however, identified low labour productivity, high capital interest, innovation and illegal immigration as parts of the bane underpinning international trade between Nigeria and Germany.

“To change the narrative of the trade imbalance that Nigeria is having with Germany, you can improve labour productivity, as well as capital and innovation productivity. We have this project called dual vocation training to improve the factor labour. These people received excellent practical training, and they easily found jobs in Europe and Germany because the training included working in a company for three days and spending two days in a vocational training school,’’ he said.

The President of the National Chamber of Commerce, Industry Mine and Agriculture (NACCIMA), Dele Oye, disclosed that the Chamber was already partnering with Germany to import some machines for agro-processing, noting, “once you process your goods, the value you get is usually five times of the 1% you will have without processing.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Germany-Nigeria
SendShareTweetShare
Previous Post

Otoro Explores Consequences of Choices We Make In Love In ‘The Love Story’ This Valentine

Next Post

South West Governors Mull Joint Team To Tackle ISWAP Elements, Bandits

Femi Oyeweso

Femi Oyeweso

You May Like

Maku Raises Alarm Over Fake Result Sheets In Nasarawa
News

Maku Refutes Claims Linking Benue Tour To Political Motive

2025/06/05
FCTA
News

Abuja Natives Oppose FCTA’s Relocation Policy, Insist On Integration, Justice

2025/06/05
Amnesty Int’l Decries Poor Response To Rights Abuses
News

Amnesty Report Biased, Fuelling Insecurity – NSPSM

2025/06/05
Centre Asks Benue Govt To Release Budgetary Allocation For Family PlanningZulum To Attend MSSN Symposium In Oyo
Health

UNICEF, Stakeholders Seek More Funding For Maternal, Child Health

2025/06/05
Nigeria’s Public Universities No Longer Tuition-free
News

NUC Tasks Varsities To Sustain ACE Project Beyond World Bank Support

2025/06/05
Eid-el-Kabir: The Festival Of Sharing And Giving
News

Eid-el-Kabir: Don’t Take Loans To Buy Sacrificial Animals, Clerics Caution Muslims

2025/06/05
Leadership Conference advertisement

LATEST

Maku Refutes Claims Linking Benue Tour To Political Motive

Abuja Natives Oppose FCTA’s Relocation Policy, Insist On Integration, Justice

Amnesty Report Biased, Fuelling Insecurity – NSPSM

Ex-Abia LG, PDP Chairmen Back Tinubu’s Re-election

UNICEF, Stakeholders Seek More Funding For Maternal, Child Health

Improving Voter Turnout In Future Elections

NUC Tasks Varsities To Sustain ACE Project Beyond World Bank Support

Eid-el-Kabir: Don’t Take Loans To Buy Sacrificial Animals, Clerics Caution Muslims

Sahara Power Group, Crescendough Boost Power Supply With 180MW Afam II Power Plant

Wipe Out Banditry, Boko Haram Or Forget 2027 Presidency, Sambo Tells Tinubu

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.