Home News FG, GERMAN GOVT SIGN £70MILLION BILATERAL AGREEMENT

FG, GERMAN GOVT SIGN £70MILLION BILATERAL AGREEMENT

by Our Reporter
The Federal Government on Friday in Abuja signed a £70Million Euros
additional financing bilateral agreement with the Republic of Germany on
sustainable economic development, 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 were in line with economic
sustainability and inclusive growth espoused by the Government of
Nigeria in the Economic and Recovery Growth Plan.

Praising the efforts of the consultative meeting, which produced the
agreement, Prince Agba 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 therefore commended the German Government for its
continuous support and commitment to the development of the Nigerian
nation 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), Mr. Christoph Raul maintained that Germany is pleased
with efforts of the present government at growing the economy.

He further stated 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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