Germany earmarks £47.6m support for Nigeria

The German government says it has earmarked 47.6 million euros to support Nigeria for the 2016 technical cooperation, programmes and special project initiatives.

In a statement in Abuja, the Ministry of Budget and National Planning stated that Mrs. Renate Von Boddien leader of German delegation announced this at a meeting of Nigeria- Germany consultations on development cooperation.

The statement, signed by the Director of Information, Adedeji Ajibade, reported Boddien as saying that the decision by German government to provide support to Nigeria was designed to tackle the root causes of displacement.

It stated that the fund would also assist in the re-integration of refugees and the realisation of the One World – No Hunger – Green Innovation.

This, it added, would also strengthen the support of the Green Innovation Centre for the Agriculture and Food Sector.

It explained that 22.6 million euros of the fund was allocated for bilateral technical cooperation.

Boddien said that 19.9m euros would be channelled to special initiatives to tackle the root causes of displacement and reintegrating of refugees.

According to her,  six million euros will be dedicated to special initiatives for the “One-World-No Hunger Project“.

The statement reaffirmed Germany’s commitment to stay engaged in the priority areas of sustainable economic growth, Nigerian energy support programme and technical cooperation.

“The Technical Cooperation (TC) is being implemented through the pro-poor growth and employment promotion in Nigeria programme .

The TC was commissioned by the German Ministry of Economic Cooperation and Development and co-financed by the European Union.

The overall objectives of technical cooperation is to increase employment and income generation for micro, small and medium sized enterprises in Niger, Ogun and Plateau.

Other areas Germany is planning to also commit funds are the North –East humanitarian support for the plight of the internally displaced persons and the fight against Polio disease.

The cooperation would also provide support for technical, vocational education and training to provide innovative skills for the Nigerian Youth.

According to the statement, the Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has commended Germany for its support to Nigeria.

He told the German Ambassador to Nigeria, Mr. Schlag Heck, that Nigeria was working hard to diversify the economy through agriculture, solid minerals, manufacturing and development of processing zones.

The minister urged German investors to invest in Nigeria and create jobs to ensure development, adding that government had provided enabling environment for investors in Nigeria.