Date: 14-18 November 2022
On behalf of the Federal Ministry for Economic Affairs and Climate Protection (BMWK), the Afrika-Verein Veranstaltungs-GmbH is organising a business initiation trip to Nigeria for German companies in the field of education and training from 14 to 18 November 2022.
In 2020, Nigeria not only suffered from the Corona pandemic, but also from the collapsed crude oil prices and slipped into a recession with a 1.8 percent drop in GDP. In the meantime, the economy is already recovering, and growth of around 3.5 per cent is forecast for the coming years. Nigeria offers the necessary foundations for the expansion of production locations, especially in the areas of agribusiness, food processing, e-commerce and the construction and energy sectors. In addition, according to GTAI, the waste and recycling management sector is likely to gain in importance in the future. For Germany, Nigeria is the second largest trading partner in sub-Saharan Africa after South Africa, with a trade volume of over two billion USD.
The project is subject to de minimis regulations. The own contribution of the companies for participation in the project is, depending on the size of the company:
- 500 euros (net) for participants with less than 2 million euros annual turnover and less than 10 employees.
- 750 Euros (net) for participants with less than 50 million Euros annual turnover and less than 500 employees
- 1000 Euro (net) for participants with an annual turnover of more than 50 million Euro or more than 500 employees.
Interested companies can register until 1 August 2022. The registration form and the declaration to be submitted can be downloaded below.
Please find the conditions of the delegation trip here.
Please find the participant form here.
Please find the flyer here.