Abuja, Nigeria – German President Frank-Walter Steinmeier has lauded Nigeria’s ongoing economic reforms under President Bola Tinubu, describing the leadership and perseverance displayed by Nigerians as exemplary. The remarks were made during a bilateral discussion at the Presidential Villa, Abuja, on Wednesday.
President Steinmeier highlighted Germany’s experience navigating economic crises, emphasizing the importance of courage and perseverance in achieving economic transformation. Drawing parallels, he expressed confidence in Nigeria’s potential for recovery and growth amidst current economic challenges.
“It is not easy; it was the experience in Germany many years ago when Germany was in a deep economic crisis. You need a lot of courage and perseverance to benefit your country. I and everyone in German politics are following your courageous steps, and we will support you,” Steinmeier said.
Pledging Support
The German President assured Nigeria of continued collaboration to bolster economic growth and alleviate the impacts of ongoing reforms. Germany’s promise of assistance underscores a deepening relationship between the two nations, focusing on shared goals of sustainable development and economic stability.
The bilateral talks also reflected on ways to enhance trade, investments, and international partnerships that could benefit both countries.
President Tinubu’s reforms, including the unification of the foreign exchange market and removal of subsidies, have received mixed reactions domestically but continue to garner international attention for their bold approach to economic restructuring.
This endorsement from Germany signals a broader recognition of Nigeria’s efforts to address systemic economic issues while seeking global partnerships to navigate challenges.
