Germany's Chancellor Angela Merkel gives a press conference during a European Union Summit at the Europa building in Brussels on December 13, 2019. EU leaders on December 13, reached an agreement to work for carbon neutrality by 2050 -- but without the agreement of coal-hungry Poland. EU leaders also agreed to protect European businesses moving to renewable energy by applying a carbon levy on imports from less regulated suppliers, France said during the first EU summit to be chaired by incoming EU Council president Charles Michel. ARIS OIKONOMOU / AFP
Germany has granted Nigeria a debt relief worth €22.4 million (N8.9bn) as part of its contribution to the country’s COVID-19 fight.
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 2020, the German treasury relieves Nigeria of debt repayments amounting to €22.4 million (N8.9bn),” the statement said.
“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 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.
Germany’s pledge, the country said, is earmarked for the purchase of vital medical supplies, personnel training and facilitating cooperation across national and regional boundaries.
“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, said.
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