Tinubu Encourages Volkswagen and Other Manufacturers to Return to Nigeria


During the G-20 summit in India, President Bola Ahmed Tinubu held a meeting with German Chancellor Olaf Scholz, aiming to strengthen Nigeria’s automobile manufacturing sector.

Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, revealed this in a statement on Sunday.

Tinubu emphasized the importance of expanding Nigeria’s economic partnerships and urged the German government to consider new incentives for foreign investments in Nigeria.

He emphasized that it’s not just about designing the financial framework for an enhanced economic partnership but also about aligning the perspectives of major manufacturers like Volkswagen with the incentives his government is providing across various sectors in Nigeria.

Chancellor Olaf Scholz recognized the mutually beneficial nature of deepening economic ties with Nigeria and expressed gratitude for the discussion.

He praised Nigeria’s unique market and the business-friendly reforms in place.

Scholz also announced his intention to visit Nigeria in October to further advance these initiatives.


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