Nigeria and Germany on Friday in Abuja signed two memorandums of understanding (MoU) in the field of agriculture and trade.
The first agreement was signed between the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the German-African Business Association.
First Deputy National President of NACCIMA, Hajia Saratu Iya-Abubakar, signed on behalf of Nigeria, while Dr. Stefan Libing of the German African Business Association, signed on behalf of the business delegation of Germany.
The second agreement was signed between the Nigerian Agricultural Risk Sharing System (NIRSAL) and PETKUS Technologie GmbH, which specializes in the agricultural value chain after harvesting.
Managing Director of NIRSAL Mr. Aliyu Abdulhammed signed on behalf of Nigeria, and Peter Huser of PETKUS Technologie GmbH signed a contract with the Germans.
Speaking after the signing of the Memoranda of Understanding, the Minister of Industry, Trade and Investment of Nigeria, Mr. Okechukwu Enelama, said that the agreements would increase cooperation between Nigeria and Germany in two areas.
According to Enelam, the agreements will also use small and medium-sized enterprises in Nigeria.
"We want our SMEs to learn from the German experience.
"Another area of German craftsmanship is the technical field: technical education, technical training and technical development. This is also an area of great interest for Nigeria.
"We are also working with Germany in the automotive sector, because this is also an area in which Germany is the leader, and Nigeria clearly has a policy of becoming a leader in the automotive sector in West Africa and Africa."
The minister said that all these agreements will require high levels of interaction, cooperation and communication.
In addition, Abdulhammed said that the Memorandum of Understanding signed between NIRSAL and PETKUS was confirmed in connection with the implementation of the existing opportunities for investment in the Nigerian agricultural sector under the administration of President Muhammad Bukhari.
"Within the framework of the current administration and the current policy of promoting agriculture of this government, there are ample opportunities for investors in terms of technology and capital, to come to Nigeria and invest in the agricultural sector.
According to Abdulhamed, NIRSAL provides the conditions for risk and mechanisms that allow investors, such as PETKUS, to come to Nigeria and do business.
He noted that the agreement will be of great importance for reducing 51.3 tons of cumulative food production, which is equivalent to about nine billion dollars reported in the report of the Food and Agriculture Organization (FAO) that Nigeria loses annually. "
He expressed optimism that PETKUS, specializing in the post-grade segment of the agricultural value chain, will provide its expertise for post-harvest production in Nigeria.
In his comments, Husser said that his company's interest is to help small farmers raise their profitability.
"We are not talking about major investments. We are talking about small farmers, where we like to help them increase their profitability in order to get better returns.
"We are talking about plant growing. We are talking about fertilization. "
He expressed the hope that each machine delivered by PETKUS Technologie will provide employment and improve incomes for five people and their families.