France has reaffirmed its commitment to deepen economic and diplomatic ties with Nigeria, as the Franco-Nigerian Chamber of Commerce and Industry (FNCCI) celebrated its 40th anniversary of promoting bilateral trade and investment between France and Nigeria.
Speaking at a briefing in Lagos, the Consul General of France in Nigeria, Laurent Favier, hailed the partnership between both countries, describing Nigeria as France’s leading trading partner in sub-Saharan Africa.
Favier said the trade between France and Nigeria represented 20 per cent of France’s trade with the region, with over 600 French businesses in Nigeria and creating over 16,000 direct jobs.
“French businesses have found Nigeria not only a formidable market, but also an innovation hub with huge potential,” he said.
He praised Nigeria for the economic reforms aimed at improving the business environment and encouraging foreign investment.
The Consul General highlighted major French investments in Nigeria, including TotalEnergies’ plan to invest $6 billion in the energy sector, Danone/Fanmilk’s expansion in Oyo State, Schneider Electric’s new office facility, and SPIE Global Services Energy’s training centre in Port Harcourt.
