"Nigeria and Germany Forge $500 Million Renewable Energy and Gas Partnership"
Nigerian and German companies have signed two agreements, including a $500 million renewable energy pact and a gas export deal, to strengthen economic ties between the two nations. The renewable energy agreement aims to attract $500 million in investment for renewable energy projects in Nigeria, particularly in rural communities. The gas export partnership will see Nigeria supplying 850,000 tons of natural gas to Germany annually, with the potential to increase to 1.2 million tons. This deal will help process significant amounts of natural gas that would have otherwise been flared. Germany's investment in green energy projects in Africa is part of its goal to achieve carbon neutrality by 2045.