Written by Godfrey AKON

FG woos French companies to invest in Nigeria

Nigeria’s Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has called on French companies to leverage on investment opportunities in Nigeria to invest in the country.

Adebayo, who disclosed this during a recent working visit of the French Ambassador to Nigeria, Amb. Jarome Pasquier to his office in Abuja, said Nigeria has been one of France's largest trading partners in Sub-Saharan Africa and ranked among the top ten Nigeria’s Export destinations.

The minister commended French companies operating in Nigeria adding to massive inflow of Foreign Direct Investment into the country, stating that this has contributed immensely in providing job opportunities to Nigerian youth.

A statement by the Ministry’s Deputy Director, Press and Public Relations, Mr Ibrahim Haruna, quoted the minister as stating that President Muhammadu Buhari-led administration is doing a lot in the area of Ease of Doing Business (EODB) as well as improving   in the World Bank’s ranking.

“Government is creating a lot of Industrial Parks which France and other countries can further leverage on to improve economic ties with Nigeria,” he said.

On corruption, the minister stressed that the present administration has been doing a lot to curb corruption and other vices in the country.

He also disclosed that it's time to invest more in the country, especially in the area of Agro-Allied Industries, Mining Sector, Information Technology, Transportation, Energy among others.

Adebayo said Nigeria has a very conducive investment climate which makes it one of the leading Countries that offer good opportunities and safety to foreign investors.

Earlier, France Ambassador to Nigeria, Amb. Jarome Pasquier stated that Nigeria is one of the key trading partners to France and as such cannot afford not to further strengthen the business bilateral relationship between the two countries.

Pasquier disclosed that France is determined to woo more investors to Nigeria in order to take advantage of Nigeria’s economic diversification process and other infrastructural development such as; Development of Free Trade Zones, Agro-Industries, Livestock, Ranching Activities, Tropical Agriculture, Geographic Information with aim of Nigeria’s products getting international recognition.

He further disclosed that the France Minister of Trade will visit Nigeria with more France Companies in order to boost trade bilateral relationship between the two Countries.

 

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