MINISTER of Industry, Trade, and Investment, Otunba Adeniyi Adebayo has urged France companies to consider investing in the area of Agro-Allied Industries, Mining Sector, Information Technology, Transportation, Energy among others.

Adebayo, who made the call during a working visit of the French Ambassador to Nigeria, Amb. Jarome Pasquier to his Office, recently in Abuja, noted that the government is creating a lot of Industrial Parks which France and other countries can further leverage to improve economic ties with Nigeria.

He said Nigeria has been one of France’s largest trading partners in Sub-Saharan Africa and ranked among the top ten (10) Nigeria’s Export destinations.

Adebayo commended French Companies operating in Nigeria which has culminated into a massive inflow of Foreign Direct Investment into the country, adding that this has contributed immensely in providing job opportunities to Nigerian Youth.

He further noted that President Muhammadu Buhari’s 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. He, therefore, urged France Companies to leverage on Nigeria’s investment opportunities to invest in the country.

In the area of corruption, the Minister stressed that the present administration has been doing a lot to curb corruption and other vices in the country.

Adebayo stressed that 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, the 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.

Amb. 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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