As part of renewed commitment towards ensuring inclusive economic development, promoting sustainable investment and creating jobs for all, especially the youths in Nigeria, the German government has pledged a €12million grant targeted towards supporting youth employment, agriculture and food industry sector.
This was disclosed in a statement by Mr. Clem Agba, Minister of State, Budget and National Planning after a consultative meeting with the German government delegate led by Christopher Rauh, Director, Africa, Federal Ministry of Economic Cooperation and BMZ in Abuja.
According to Mr.Agba, €7.5m of the €12million bilateral technical coope-ration grant is aimed at supporting Nigeria in form of employment possibilities for youths, while €4.3m is targeted at supporting the Green Innovation Centre project with an aim of increasing employment, income generation and productivity in the agricultural industry.
The Minister also disclosed that both parties have agreed to prioritise Nigerian-German development cooperation in the training and sustainable growth for decent jobs with a focus on vocational education as well as private and financial sector development.
Both countries further reaffirmed their commitment to the 2030 Sustainable Development Goals and the implementation of the Paris Agreement on climate change.
Nigeria-Germany bilateral relations which span for over 6 decades have focused on supporting the transformation agenda of government with a view to reducing poverty, achieving economic growth and fostering regional stability.
The developmental cooperation between both countries in recent years has also drawn emphasis on the need for sustainable economic development, including job creation and vocational training; and on renewable energy.