In 2014, Nigeria undertook a GDP rebasing exercise that saw it become the biggest economy on the continent. However to continue and sustain its growth trajectory, the country must quickly move away from its over dependence on oil and take giant strides to diversify the economy. Diversification will open up other important sectors to the export market, generate revenue, increase incomes, create new jobs, narrow the inequality gap and significantly reduce poverty levels.

In addition, Nigeria still faces lots of structural issues (compliance, transport, electricity supply, security, skilled labour) that affect the competitiveness of the economy in the global market (ranks 124 /140 in the 2015 global competitiveness index). To achieve the 17 Sustainable Development Goals (SDGs), its 169 targets and 304 indicators by 2030, working in silos is no longer an option. All institutions from public, private and non-profit must come together to tackle and solve these problems together. 

The Delegation of German Industry and Commerce (DGIC) in collaboration with The Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) are taking proactive steps by engaging the German and European private sector operating in Nigeria on a project called develoPPP.

Within the develoPPP programme, the private sector and development cooperation join forces to identify solutions to the global challenges we face, especially the challenge of achieving the Sustainable Development Goals. Food security, decent production and working conditions, employment, vocational training, environmental protection and conservation of natural resources, climate change and technology transfer are thus the focus of our cooperation with the private sector. With our combined resources and wealth of expertise we can bring real changes to developing countries and emerging economies.