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From Aidoghie Paulinus, Abuja
Nigeria, and the Federal Republic of Germany, have signed a Financial and Technical Cooperation commitments agreement amounting to €65 million.
The sum, according to the Minister of State, Budget and Economic Planning, Doris Uzoka-Anite, will be expanded on agreed priority programmes.
The minister also said the government welcomed the offer of an Export Credit Guarantee Financing Framework of up to €300 million for the Government of Nigeria, which will further support investment mobilisation and access to long-term financing for strategic development projects.
Key areas of cooperation included sustainable economic development training and employment, climate and energy, just transition, transformation of agricultural and food systems, health, social protection and population policy, including peaceful and inclusive societies.
Speaking during the signing ceremony in Abuja, Uzoka-Anite further said the signing marked another important milestone in the longstanding partnership between the Nigeria and Germany.
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“On behalf of the Government of Nigeria, I express sincere appreciation to the Government of Germany, the German Embassy, the Federal Ministry for Economic Cooperation and Development (BMZ), the Federal Ministry for Economic Affairs and Energy (BMWE), Federal Export Credit Guarantees, KfW Development Bank, GIZ, implementing partners, and all technical teams for the productive and constructive engagements throughout this Negotiation process.
“These discussions have once again demonstrated the strength of the Nigeria–Germany partnership, built on mutual respect, shared priorities, and a common commitment to sustainable development and inclusive growth.
“The outcomes of this negotiation reflect our shared determination to deepen cooperation in critical sectors including agricultural transformation and food systems; sustainable economic development, skills, and employment; climate and energy transition; health system strengthening; and peaceful and inclusive societies.
In her remarks, the German Ambassador to Nigeria, Annett Günther, said the bi-annual negotiations represented a key milestone in the bilateral cooperation between Germany and Nigeria and provided an important platform to take stock of the joint achievements, align priorities, and chart the way forward.
Earlier, the Africa Director at BMZ, Philipp Knill, said Nigeria is a strategic economic and political partner of Germany in African continent.
Knill disclosed that prominent German companies, particularly Siemens, SAP, Bayer and STIHL, were taking advantage of the opportunities of the German-Nigerian cooperation to actively participate in the nation’s business sector.
