Germany and Nigeria Launch Groundbreaking Trade Finance Tool to Boost Bilateral Investment

By Raymond Enoch

In a strategic move to strengthen German-Nigerian economic ties, the German Development Bank (DEG) and Access Bank have signed a landmark agreement on a pilot project for trade finance risk-sharing. The initiative targets Nigerian companies importing German equipment or aiming to export to Germany.

The signing ceremony, witnessed by German Consul General Daniel at Access Bank, marks the first step toward a potentially game-changing financing solution for bilateral trade. If the pilot proves successful, both institutions plan to scale up the instrument with backing from the German Ministry for Economic Development and Cooperation (BMZ).

This innovative partnership aims to unlock new investment flows, reduce trade risks, and deepen economic cooperation between the two countries, positioning Nigeria as a stronger player in international trade.