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Nigeria, Germany sign new deal



The federal government in Abuja signed a bilateral financing agreement of 70 million euros with the Republic of Germany.

Latest Nigeria newspaper report that The agreement was about sustainable economic development, renewable energy, polio eradication, internally displaced persons, and host communities in northern Nigeria, education, peace, and security.

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At the signing ceremony, the Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, explained that Germany’s areas of intervention.

“They were in line with the economic sustainability and inclusive growth contained in the Nigeria Economic and Recovery Growth Plan.”

Agba said the agreement had provided “a platform for a coordinated approach to economic cooperation” between the two countries. He praised the German government for its continued support and commitment to the development of Nigeria since the 1960s.

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In his comments, the delegation leader and head of the German Ministry of Economic Cooperation and Development (BMZ), Mr. Christoph Raul, said his country was satisfied with the efforts of the current government to grow the economy.

Latest Nigeria newspaper report that the Republic of Germany had partnered with Nigeria for the eradication of polio. Raul also expressed his country’s commitment to helping the largest nation in Africa achieve its economic policies.