The German government has announced a commitment of €47.6m (N16.23bn at the official exchange rate of N341.14 to one euro) as financial support to Nigeria for technical cooperation programmes and special project initiatives.
This was revealed by the Leader of a German delegation, Mrs. Renate von Boddien, during a meeting of the Nigeria-Germany Consultations on Development Cooperation, hosted by the Federal Ministry of Budget and National Planning in Abuja on Thursday.
A statement issued by the ministry stated that Boddien disclosed that the commitment was part of bilateral technical cooperation and special project initiative aimed at tackling the root causes of displacement of refugees and speed up their integration under the ‘One World No Hunger Green Innovation’.
This, according to her, will also strengthen Germany’s support for the Green Innovation Centre for Agriculture and Food Sector.
She explained that €22.6m was earmarked for bilateral technical cooperation and special funding lines; €19.9m for special initiatives to tackle the root causes of displacement/reintegrating of refugees; and €6m for special initiatives for the ‘One World No Hunger’ project initiated to strengthen its support for the Green Innovation Centre.
Boddien reaffirmed the German government’s commitment to stay engaged in the priority areas of sustainable economic growth, Nigerian energy support programme and technical cooperation.
She was quoted to have said that the “technical cooperation is being implemented through the pro-poor growth and employment promotion programme in Nigeria, which was inaugurated by the German Ministry of Economic Cooperation and Development and is co-financed by the European Union.
“The objective is to increase employment and income generation for Micro, Small and Medium-sized Enterprises in the three states of Niger, Ogun and Plateau.”
She further stated that other areas Germany was planning to also commit funds included humanitarian support in the North-East, the fight against polio disease and to support technical and vocational education.
The Minister of Budget and National Planning, Senator Udo Udoma, commended the German government for its support and told the German Ambassador to Nigeria, Mr. Schlag Heck, that the Federal Government was working hard to diversify the Nigerian economy.
This, he said, would stimulate growth through agriculture, solid minerals, manufacturing and development of processing zones.
The minister urged German investors to invest in Nigeria and create jobs so as to ensure development, adding that the government had provided enabling environment for investors.
Punch
*Hmmmmm...Germany abeg easy with our Money oh..lol
That is lovely. Hope APC no go eat the money.
ReplyDeleteTheres no need to hope , we all know the money won't get past those APC mongrels at the top.
DeleteAll this helpers sef,they will not see to it as the moni will be use,and d rich will get richer.Why can't Nigeria be great
DeleteGermany nooooooooooooooooo
ReplyDeletePls lemme digress. Stella today is the governor's (Diego Costa) birthday, Bv pls wish him well. Unadulterated blues
ReplyDeleteWow!! Good one. Lets hope story won't enter it from naija govt!
ReplyDeleteOK, they did well,hope the money will be used for it's purpose.
ReplyDeleteGod Bless Everyone.
Let them send monitoring spirits with the money join o☺
DeleteWow!!
ReplyDeleteThat's great news..
1000 likes.
Wow this is a big deal mennnn.
ReplyDeleteI hope it doesn't land in d hands of all dos our thief thief old papa politicians. What happened to all dos said moneys they collected from their fight against corruption that Germany is giving us money. Deizani's money, omokore's money etc.
ReplyDeleteHelp me and ask our stupid gofament
DeleteGod bless them for us
ReplyDeleteOff from anonymous
This will be good only if the government utilize the said money for its purpose! Lol, Stella, you get money? Germany na we own oh,no go dey reason am oh!
ReplyDeleteIsn't this a shame?
ReplyDeleteSince this old man came into power,nigeria has become a charity case to other countries....very soon Zimbabwe will donate money to us,tueh!!
The worst of it all is that these monies make no impact in our dying economy.It seems Buhari is busy stealing,punishing his enemies and shouting "kwaraption". Na wa!
I pray they give to the victims
ReplyDeleteThe leaders will privatise it as usual
ReplyDeleteSee Stella o. Dem wan use am do welfare for our politicians dem you dey complain. The victims will get 10 million naira to share.
ReplyDeleteThanks to the govt of Germany, but they(Our leaders) will eat the money.
ReplyDeleteThis money will enter Voicemail, the greedy ones will share it amongst themselves without batting an eye......
ReplyDeleteAs ehn, since na Naija we dey dat money no go yield result!
ReplyDelete#when u see something say something#
Giving money to prepare them for the next election...
ReplyDeleteGrand Ma Merkel, abeg solve una refugees problem first o.
make una no corner the money oo
ReplyDeleteNoted
ReplyDeleteBig shame!!! with the whole money wey naija get APC a'chigbuola Nigeria
ReplyDeleteWalahi they will eat this money. Ordinary rice never even gets to the people.
ReplyDeleteWe all know that the money won't even reach the people wey need am, na still our government officials go share am
ReplyDeleteWe all know that the money won't even reach the people wey need am, na still our government officials go share am
ReplyDelete