The Delegation of German Industry and Commerce in Nigeria (AHK/DGIC), in collaboration with the Afrika-Verein (German-Africa Business Association), organized the 11th German-Nigerian Business Forum on 7th October 2024 in Lagos. This annual conference, supported by the German Federal Ministry for Economic Affairs, brings together a diverse array of high-ranking representatives and decision-makers from both Nigerian and German public and private sectors.

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It serves as an avenue for networking opportunities between government officials, think-tanks, foundations, corporate bodies and a lot of private businesses. It is also a platform for experts from both countries to discuss more on improving agribusiness & food processing, renewable energy & energy efficiency, the construction sector and technical & vocational education & training (TVET).

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The forum featured insightful panel discussions, “fire-side chats”, business exhibitions, B2B meetings and signed investment deals. A noteworthy investment deal signed during this year’s forum was the €40 million export contract deal between Jospong Group of Companies (JGC), through its subsidiary, Zoomlion Nigeria and two German companies, FIMA Industries Germany and FAUN Umwelttechnik GmbH. This contract will provide advanced waste treatment infrastructure to Lagos State and will help Nigeria save 1.5 million tonnes of CO2 emissions yearly, for the next 15 years. The project includes three solid waste recycling plants and a fleet of waste collection trucks from Germany. According to the Executive Director of Jospong Group of Companies, Mr. Haidar Said, this will lead to significant forward steps in Lagos State’s waste management strategy.

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Further highlighting the topic of investment, Mrs. Adesuwa Ladoja, CEO, Lagos Free Zone (LFZ), disclosed during her goodwill remarks, that LFZ remained a strategic partner committed to the prosperity of German businesses in Nigeria. With trade volumes between the two countries estimated at $3 billion in 2023, she pointed out the long-standing relationship with BASF, Germany’s leading chemical company, whose investment at Lagos Free Zone demonstrates how companies can leverage the ecosystem for strategic growth. She encouraged prospective investors to see Nigeria not merely as a market, but as a strategic launch pad for their next phase of growth.

This annual forum continues to focus on strengthening German-Nigerian economic ties, creating jobs and promoting sustainable economic growth for both countries.