BREAKING: Germany grants Nigeria N8.9bn debt relief

The Republic of Germany said it has granted Nigeria debt relief amounting to N8.9 billion (€22.4 million) on account of the coronavirus pandemic. Also, the German government said it has successfully campaigned in the G20 group of countries and the Paris Club group of creditor countries in favour of a debt moratorium for countries heavily affected by the economic impact of COVID-19. The European economic powerhouse stated this in a statement in Abuja on Tuesday. It noted, “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

By |April 28th, 2020|Categories: News|Tags: |0 Comments
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