Nigeria approves €15.21m Euro counterpart funding for Siemens power deal
Nigeria’s Federal Executive Council has approved the payment of €15.21m Euro (offshore) and N1.7bn (onshore) counterpart funding for its power deal with German energy company, Siemens AG. The deal was a result of a meeting between Nigeria’s President Muhammadu Buhari and German Chancellor, Angela Merkel in 2018, which culminated in the signing of a letter of…