Adebayo urges France to exploit investment opportunities in Nigeria's...

Adebayo urges France to exploit investment opportunities in Nigeria’s non-oil sectors

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Minister of Industry, Trade and Investment, Adeniyi Adebayo, has urged French companies to leverage on Nigeria’s investment opportunities in agro-allied industries, the mining sector, information technology, transportation, energy, among others.

The Minister who made this known during a recent working visit of the French Ambassador to Nigeria, Jarome Pasquier, said France is among the top 10 export destinations for Nigeria and also remains one of Paris’s largest trading partners in sub-Saharan Africa.

Mr Adebayo commended French companies in Nigeria for bringing massive inflow of Foreign Direct Investment (FDI) while contributing to the job creation of the youths.

He further revealed that President Muhammadu Buhari’s administration is doing a lot in the area of Ease of Doing Business (EODB) while improving in the World Bank’s ranking.

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

Meanwhile, French Ambassador, Pasquier in his remarks said France is determined to woo more investors to Nigeria to take advantage of Nigeria’s economic diversification process and other infrastructural developments.

He mentioned them to include the development of Free Trade Zones, agro-industries, livestock, ranching activities, tropical agriculture, and geographic information so that Nigeria’s products would get international recognition.

He also said France minister of trade will visit Nigeria with more French companies to boost the trade relations between the two countries.

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