Nigeria has gotten a debt relief summing up to N8.9 billion (€22.4 million) from the Republic of Germany in a bid to mitigate the effect of COVID-19 on the country.
This was disclosed by the European economic powerhouse in a statement in Abuja on Tuesday.
It stated that;
“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.”
Germany also dosclosed its pledge of €12 million (N4.8bn) additional support to the West Africa Health Organisation, the regional health institution of the ECOWAS.
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The German government earlier donated €5.5 million, (N2.2bn) to Nigeria in the fight against the novel coronavirus pandemic in the Northeast region.
The country disclosed this on its official Twitter handle on Tuesday, stating that the donation is aimed at supporting vulnerable people in Nigeria’s North-Eastern states of Borno, Adamawa and Yobe.
The statement read:
“Germany provides an additional €5.5 million (c. 2.2bn Naira) to the Nigeria Humanitarian Fund managed by the United Nations Office for the Coordination of Humanitarian Affairs in Nigeria to continue life-saving aid in Borno, Adamawa and Yobe States in the context of the COVID-19 crisis.
“Ongoing activities include drilling of wells, construction of sanitation facilities, rehabilitation of buildings or construction of shelters for internally displaced persons and other victims of insecurity in the North East.
“This brings Germany’s contribution to the NHF to a total of €29 million since it became operational in May 2017, making Germany a major donor to the NHF over the past three years.”