Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,868,002 members, 6,883,054 topics. Date: Friday, 27 May 2022 at 01:39 AM

BREAKING: Germany Grants Nigeria N8.9bn Debt Relief - Foreign Affairs - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / BREAKING: Germany Grants Nigeria N8.9bn Debt Relief (202 Views)

BREAKING: Germany Will Send Anti-tank And Anti-aircraft Weapons To Ukraine / IMF Grants Debt Relief To 25 Countries / Chad Repaying $100m Debt To Angola With Cattle (2) (3) (4)

(1) (Reply) (Go Down)

BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by Nobody: 10:06pm On Apr 28, 2020
The Republic of Germany said it has granted Nigeria debt relief amounting to N8.9 billion (€22.4 million) on account of the coronavirus pandemic.

Also, the German government said it has successfully campaigned in the G20 group of countries and the Paris Club group of creditor countries in favour of a debt moratorium for countries heavily affected by the economic impact of COVID-19.

The European economic powerhouse stated this in a statement in Abuja on Tuesday.


It noted, “In 2020, the German treasury relieves Nigeria of debt repayments amounting to €22.4 million (N8.9bn). This comes in addition to Germany’s support to the COVID-19 response on a global level and the support provided by the European Union to partner countries in Africa worth €3.25 billion (N1.3 trillion).

“On April 27, Germany pledged €300 million (N120bn) to the global humanitarian response plan launched by the United Nations to fight COVID-19.”

Furthermore, Germany said it has also pledged a total of €12 million (N4.8bn) in additional support to the West Africa Health Organisation, the regional health institution of the ECOWAS.


The new allocation, Berlin said, is earmarked for the purchase of vital medical supplies and laboratory equipment, training measures, and more generally, cooperation in pandemic prevention at the national and regional levels.

“Clearly, the current crisis goes beyond national and even continental borders and can only be fought effectively in a cooperative way. We need more international cooperation, not less”, German Foreign Minister, Heiko Maas, Stated

1 Like

Re: BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by densiks: 10:25pm On Apr 28, 2020
Further looting alert activated...
Re: BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by Nobody: 10:31pm On Apr 28, 2020
densiks:

Further looting alert activated...

Sinzu be cashing out big big
Re: BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by nonyofor2(m): 10:38pm On Apr 28, 2020
Chai which country wey Nigeria no dey owe sef
Re: BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by Nobody: 11:14pm On Apr 28, 2020
nonyofor2:
Chai which country wey Nigeria no dey owe sef
If it's possible for Nigeria to lend from it's Citizen,..they will ooo my brother
Re: BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by Agboriotejoye(m): 10:23am On Apr 29, 2020
Source
Re: BREAKING: Germany Grants Nigeria N8.9bn Debt Relief by Nobody: 10:59am On Apr 29, 2020
Agboriotejoye:
Source

Punch

(1) (Reply)

The 50+yr War General D.J. Trump Is Fighting / Barack Obama Celebrates Graduands Of 2020, As Deaths Tops 300,000 / Iran Warns US Against Disrupting Fuel Shipments To Venezuela

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 79
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.