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Minister Delegate in charge of French foreign trade, Olivier Becht, accompanied by around ten French companies, participated in an economic summit between France and Nigeria being held in Lagos
Minister Delegate in charge of French foreign trade, Olivier Becht, accompanied by around ten French companies, participated in an economic summit between France and Nigeria being held in Lagos.
Several agreements in principle were signed between Nigerian and French companies, in the sectors of agriculture, energy, and technological innovation. Analysts say this marked France’s desire to strengthen its investments in Nigeria while its military presence is compromised on the continent in the recent times.
The French President said that Nigeria was a commercial partner for France in sub-Saharan Africa and around a hundred French companies are present there which employ more than 10,000 people in the country. He also announced Nigeria’s presence for the first time at the Paris International Agricultural Show next February.
Five partnership agreements with the companies Compagnie Fruitière/Raedial Holdings, Danone/Koolbok s, Echosys/Rensource and Watt Renewables, and Bpifrance/Access Bank , were signed in the sectors of agriculture, energy and technological innovation.
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Olivier Becht is the third French representative to visit Nigeria since President Ahmed Bola Tinubu came to power in May. This visit closely follows that of Catherine Colonna, French Minister of Foreign Affairs, in Abuja, the political capital, on November 3.
