Nigeria, Germany Deepen Ties with €65m Development Deal, €300m Credit Facility

Thisdaylive | 16-05-2026 01:57pm |

Nigeria and Germany have solidified their bilateral relations through a new development agreement valued at €65 million, alongside a €300 million credit facility. This initiative aims to enhance financial cooperation and stimulate private sector investments in various sectors, including skills development, energy transition, agriculture, and digital technology. The partnership reflects both nations' commitment to fostering sustainable economic growth and addressing key developmental challenges.

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