Home BUSINESS Nigeria, Germany Sign 70 Millio Euro Bilaterial Agreement

Nigeria, Germany Sign 70 Millio Euro Bilaterial Agreement

The  Nigerian Government has signed a 70 million Euros additional financing bilateral agreement with the Republic of Germany on sustainable economic development.
The agreement is specifically for renewable energy, polio eradication, strengthening resilience of internally-displaced persons and host communities in northern Nigeria, education, peace and Security, amongst others.
At the signing ceremony, Minister of state for Budget and National Planning, Prince Clem Ikanade Agba explained that the areas of intervention by the Government of Germany are in line with economic sustainability and inclusive growth espoused by the Government of Nigeria in the Economic and Recovery Growth Plan.
The minister, who commended the efforts of the consultative meeting, which produced the agreement, said that it had provided a platform for a coordinated approach to economic cooperation between the countries. The forum also reviewed and strengthened the existing cooperation as well as discussed further on expansion of the cooperation between Nigeria and Germany.
The Minister also commended the German Government for its continuous support and commitment to the development of Nigerian since the 1960s.
Speaking on behalf of the Government of Germany, leader of the delegation and head of the German Ministry of Economic Cooperation and Development (BMZ), Christoph Raul said that Germany is pleased with efforts of the present government at growing the economy.
He said that the Republic of Germany had partnered the country in her march towards polio eradication which had led to 3 years of absence of the white polio virus, and further expressed the commitment of the German government to achieve its economic policies.

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