Tinubu Invites French Investors to Explore Nigeria’s Growing Economy
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President Bola Ahmed Tinubu has extended an invitation to French investors, assuring them that Nigeria is open for business.
During a joint briefing with French President Emmanuel Macron at the Elysee Palace, Tinubu emphasized his administration’s commitment to creating a secure and enabling environment for foreign investments.
Tinubu highlighted the strides Nigeria has made in improving its security situation, which is crucial for fostering a business-friendly environment.
He pointed out Nigeria’s dynamic and youthful population, which is well-educated and ready to contribute to various sectors. The President underscored ongoing efforts to diversify Nigeria’s economy, moving away from reliance on fossil fuels to developing sectors such as the marine and blue economy.
He assured French businesses of a free market economy with minimal hindrances, promoting an “easy in, easy out” policy. Acknowledging existing challenges, Tinubu expressed Nigeria’s readiness to collaborate with France on enhancing security and economic growth.
Additionally, Tinubu emphasized the untapped potential within Nigeria’s agricultural sector, inviting French investors to participate in bolstering food security.
He highlighted opportunities in Nigeria’s solid minerals and blue economy, particularly in fisheries, which remain largely unexplored. The President also called for French support in training Nigeria’s youth, which he described as a critical asset for the country’s development.
French President Emmanuel Macron reaffirmed France’s commitment to investing in Nigeria, describing the country as a vital partner.
He emphasized the importance of continued collaboration to enhance economic ties and address mutual challenges.
This visit marks the first official state visit by a Nigerian leader to France in over 20 years, symbolizing a renewed commitment to strengthening bilateral relations.
By focusing on these key areas, President Tinubu aims to attract substantial French investment, fostering economic growth and development in Nigeria.
Meanwhile, President Tinubu and French President Macron also participated in the Nigerian France Business Council at the Élysée Palace.
Both Presidents witnessed the signing of an agreement between United Bank for Africa (UBA Group) Chairman, Tony Elumelu and French Finance Minister Antoine Armand.
The UBA Group and the French Government inked a business cooperation agreement, aimed at facilitating UBA’s complete banking operations in France.
