Lead Asset Management

On the first day of a two-nation tour to Sub-Saharan Africa, Chancellor of Germany, Olaf Scholz said his country was willing to invest in gas and vital minerals in Nigeria, Africa’s largest oil producer.
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Scholz is visiting the region for the third time in two years, as tensions abroad underline the growing importance of an energy-rich region in which Berlin has historically had little role.
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Scholz told reporters at a joint briefing with President Bola Tinubu in the capital, Abuja, on Sunday that aside from critical minerals, Germany is interested in investing in Nigeria’s natural gas sector.
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However, he said that certain factors will need to be put in place, such as gas pricing.
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“If we are successful, if there is a better chance of exporting the produced gas, it is then the question for German companies to do their private business.