ECOWAS Gets €81m Germany Fund To Tackle Economy, Other Challenges

Economic Community of West African States (ECOWAS) said the federal republic of Germany had provided €81 million to tackle the economic, infrastructural, insecurity and other challenges facing the sub-region.

Omar Touray, the President of the ECOWAS Commission, announced this during a press conference held on Sunday in Abuja, where he welcomed Olaf Scholz, the Chancellor of the Federal Republic of Germany.

Speaking earlier, Dr. Omar Touray, the President of the ECOWAS Commission, emphasized that the Chancellor’s visit symbolized the significant importance attached to Germany-ECOWAS cooperation.

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As I indicated during our little discussion, Germany has been a strong and consistent partner of ECOWAS and ECOWAS member states.

“Recently, we have agreed to the tune of €81 million that the government of Germany have decided to grant the ECOWAS to support us in various areas.

“Those are vital areas, as I have indicated, cover areas such as peaceful and inclusive society, climate, energy transition, sustainable economy development, health, social protection and population.

“These are important sectors, and we appreciate the support that you have given to us in these areas.

The recent agreement has brought Germany support to ECOWAS over decades or several years to close €500 million; we are very appreciative,” he said.

Recall that President Bola Ahmed Tinubu received Olaf Scholz to Nigeria at Aso Villa on Sunday.