German Chancellor Olaf Scholz said his country is willing to invest in Nigerian gas and critical minerals on Sunday during his two-nation visit to sub-Saharan Africa. Nigeria is still Africa\u2019s largest oil producer.<\/p>\n
Scholz wants to diversify and secure his country\u2019s energy supply by importing natural gas from the African nation. After meeting with President Bola Tinubu in Nigeria\u2019s capital, Abuja, Scholz\u00a0said<\/a>: \u201cThis will have an impact on the global gas price.\u201d If more countries offered their natural gas and increased supply on the global market, the lower global prices would be, the German Chancellor claimed.<\/p>\n Tinubu emphasised Nigeria\u2019s sizeable resources and said: \u201cWe are ready to encourage investments in a gas pipeline.\u201d He encouraged German businesses to invest in pipelines in Nigeria.<\/p>\n Germany has found it difficult to secure gas supplies for the coming winter.\u00a0 The nation has sought to diversify away from Russian gas since the outbreak of the war in Ukraine, while France\u2019s nuclear shutdowns of 2022 also plagued energy supplies. In 2022, the German Government therefore decided to prolong the\u00a0operation of coal-fired<\/a>\u00a0power plants, a policy that was extended in 2023.<\/p>\n Importing gas from Nigeria will help ensure an alternative energy supply for Germany. At present, the nation imports crude oil from the West African country, but not gas.<\/p>\n Nigeria also wants to attract investors to its\u00a0mining sector<\/a>, which currently contributes less than 1% of GDP in Africa\u2019s largest economy. According to research company\u00a0Oxford Business Group<\/a>, there are many unexploited mineral resources in Nigeria, such as gold, iron ore and recently discovered lithium.<\/p>\n While being vague on the details, Scholz said German companies could build railways in Nigeria. Currently, China is building the most railways in the African nation.<\/p>\n Scholz will visit Ghana on Monday. He met with the president of the commission of West African regional group ECOWAS and stressed he would work with the bloc to prevent putsches (violent attempts to overthrow a government) becoming a trend following recent military coups in Niger and Gabon.<\/p>\n","protected":false},"excerpt":{"rendered":" German Chancellor Olaf Scholz said his country is willing to invest in Nigerian gas and critical minerals on Sunday during his two-nation visit to sub-Saharan Africa. Nigeria is still Africa\u2019s largest oil producer. Scholz wants to diversify and secure his country\u2019s energy supply by importing natural gas from the African nation. After meeting with President […]<\/p>\n","protected":false},"author":1,"featured_media":9707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"Offshore Technology + Agencies","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"0","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":[],"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,27],"tags":[337,158,175,1115,1210],"class_list":["post-9706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-west-africa","tag-germany","tag-ghana","tag-nigeria","tag-nigerian-gas","tag-olaf-scholz"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/9706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=9706"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/9706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9707"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=9706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=9706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=9706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}