NIGERIA, GERMANY SIGN $500M RENEWABLE ENERGY, GAS DEALS.

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In a significant move to strengthen economic ties, Nigerian and German companies sealed two pivotal agreements in Berlin on Tuesday.

The accords valued at $500m, encompass a renewable energy pact and a gas export deal, marking a milestone in bilateral cooperation, the Presidential spokesperson, Ajuri Ngelale said in a statement.

Union Bank of Nigeria and Germany’s DWS Group formalised a Memorandum of Understanding on renewable energy.

This strategic partnership aims to attract $500m in investments dedicated to renewable energy projects, with a primary focus on rural communities across Nigeria.

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