• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business StartUPs

Nigeria and Germany Forge Partnership to Boost MSMEs Sub-Sector

by Joan Aimuengheuwa
February 6, 2024
in StartUPs
0
Nigeria and Germany Forge Partnership to Boost MSMEs and Economic Growth
Nigerian and German Governments join hands

Nigerian and German Governments join hands

UBA
Advertisements

Focused on facilitating economic growth and promoting Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria, the Nigerian and German governments have inked a strategic partnership agreement. 

The announcement was made by Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, during a bilateral meeting held in Abuja, in collaboration with the German Ministry of Economic Development.

Highlighting the significance of the partnership between Nigeria and Germany, Minister Uzoka-Anite noted the shared commitment of both nations to enhance cooperation in key areas such as renewable energy, agriculture, and access to finance for MSMEs. 

Emphasizing the potential of such collaboration, she reiterated Nigeria’s commitment to revitalizing its industrial sector and fostering inclusive economic growth.

In line with the government’s vision, Minister Uzoka-Anite revealed the establishment of the Presidential Council on Industrial Revitalization, chaired by the Minister of Finance and Coordinating Economy. The council, comprising an 11-point agenda, aims to revitalize various sectors of the economy, with a particular focus on leveraging the key role of MSMEs, which contribute approximately 45% to Nigeria’s Gross Domestic Product (GDP).

In response, German Minister Ms. Svenja Schulze acknowledged Nigeria’s status as a longstanding partner of Germany, dating back to 1959. She emphasized the mutual benefits derived from the partnership, noting Nigeria’s status as Africa’s largest and most populous economy. Minister Schulze also underlined Germany’s interest in growing markets and highlighted the presence of 90 German companies already active in Nigeria, drawn by the nation’s enthusiastic youth population and entrepreneurial spirit.

However, Minister Schulze also acknowledged Nigeria’s multifaceted challenges, including security threats, resource conflicts, climate change impacts, and population growth. She stressed the importance of addressing underlying causes through holistic approaches, encompassing job creation, energy security, food security, and the empowerment of women.

Speaking on the essence of collaboration, Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, reiterated the Federal Government’s commitment to promoting small businesses and entrepreneurship in Nigeria. He emphasized the significance of the bilateral meeting, which focused on enhancing cooperation and support for MSMEs across sectors such as agriculture, energy, and entrepreneurship skills development, particularly for women-led businesses.

The bilateral meeting, characterized by candid discussions and mutual cooperation, highlighted the collective resolve of Nigeria and Germany to leverage the potential of MSMEs as drivers of economic growth, innovation, and job creation. With this partnership, stakeholders anticipate tangible outcomes that will transform the MSME sector and contribute to sustainable development across Nigeria’s diverse economic sectors.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Dr. Doris Uzoka-AniteGermanyMs. Svenja SchulzeMSMEsNigeriaWale Edun
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Zoho Promotes Privacy on Safer Internet Day

SAFER INTERNET | The Growing Importance of Privacy amongst Customers & How Businesses Should Cater to it

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

'Deremi Atanda, MD/CEO of Remita

Remita Processes Transactions Valued ₦60 Trillion Annually, Eyes African Expansion

1 month ago
Risks in Cloud Computing

How to Reduce Security Risks Posed by Cloud Identities? 

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.