Nigeria Minister Of Budget and Economic Planning and German Counterpart Resolve To Foster A More Cooperative and Innovative Approach To Economic Planning and Development

Nigeria Minister Of Budget and Economic Planning and German Counterpart Resolve To Foster A More Cooperative and Innovative Approach To Economic Planning and Development

In an effort to strengthen international cooperation and bolster economic development, the Honourable Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu CON alongside officials of the Ministry welcomed Her Excellency, Ms. Svenja Schulze, and her delegation from the Federal Republic of Germany yesterday.

During the visit, Her Excellency, Ms. Svenja Schulze reiterated the enduring trust and collaboration that has characterized the relationship between the Federal Republic of Nigeria and the Federal Republic of Germany.

She highlighted the profound impact of bilateral cooperation on job creation, conflict mitigation, improved living conditions, and the fight against poverty, organized crime, and terrorism.

In response, the Honourable Minister expressed warm gratitude for the long-standing support and robust bilateral relationship between Nigeria and Germany. Noting the economic reforms spearheaded by President Asiwaju Bola Ahmed Tinubu’s administration, including the removal of fuel subsidy and liberalization of the foreign exchange market.

Sen. Bagudu emphasized the associated challenges and stressed the importance of supportive measures to ensure stability and sustainable economic growth.

Aligning with the sentiments shared by Her Excellency, Ms. Svenja Schulze, the Honourable Minister underscored the critical need for ongoing support and partnership to uphold democratic values, the rule of law, and economic stability in Nigeria.

Indicating Nigeria’s pivotal role as a beacon of light in the sub-region, Sen. Bagudu Pointed out the urgent need for infrastructural financing and maintained the country’s robust capacity for investment and infrastructure development.

Moreover, reference was made to collaborative efforts with the European Union on global gateway financing, reaffirming the commitment to a private sector-led approach within Nigeria’s comprehensive development plan.

The Important meeting concluded with a renewed resolve to foster a more cooperative and innovative approach to economic planning and development, anchoring the importance of partnership and collaboration in achieving shared goals for economic stability, prosperity and sustainable development.