Angela Merkel, Buhari
In support of Nigeria in the fight against COVID-19, Germany has granted Nigeria a debt relief worth €22.4 million (N8.9bn).
Recall that it was reported on Tuesday that the European nation donated additional €5.5million to Nigeria.
Also Read: BREAKING: Germany Donates Additional €5.5m To Nigeria
In a further development, in a statement on Tuesday, Germany, which has Europe’s largest economy, said the debt relief comes in addition to its support of the pandemic response globally.
“In 2023, the German treasury relieves Nigeria of debt repayments amounting to €22.4 million (N8.9bn),” the statement said.
Germany also noted it has pledged a total of €12 million (N4.8bn) in additional support to the West Africa Health Organisation, the regional health institution of the ECOWAS.
Related Post:
- Germany Grants Nigeria N8.9Billion Debt Relief
- Germany grants Nigeria €22.4m debt relief over COVID-19 pandemic
- FG grants conditional 60% debt relief for broadcast stations
- Senate seeks sack of NDDC IMC, refund of N4.9billion
- Nigeria, others to benefit from $14b debt relief
- Business owners request for government grants, low-interest loans, tax relief
- COVID-19: Gov. Ugwuanyi grants relief, incentives to taxpayers
- Ugwuanyi grants relief, incentives to taxpayers