Nigeria strengthens economic relations with France


Cyril Okonkwo, Abuja

Vice President Yemi Osinbajo met with a delegation of French investors on Thursday to strengthen economic relations between Nigeria and France.

Nigerian Ambassador to France, Modupe Irele, told State House correspondents after the meeting that the visit of the French delegation was also to ensure that the French understand the processes of setting up business in Nigeria to make it easier for them.

“Nigeria’s initiative of ease of doing business is part of understanding;  the agencies that are involved , the processes that are involved, the opportunities and to a large extent the responsibilities.” 

“It’s a two-way relationship: France-Nigeria, Nigeria-France and this cannot be done with one party very far away. 

“So, we brought them here to know the lay of the land themselves, to meet the key players and also to get to know Nigerians, business people themselves.”  

The leader of the French delegation, Jean-Roch Boquet said their mission was to better understand the Nigerian market.

“For my company, it is to better know all about the market,  not only the consumers, but the regulations, the right people to know, to facilitate the local settlement of a potential facility and to put a highlight on the contribution of what is possible for France to do in the diary sector and to contribute to the development of this sector locally in Nigeria. 

“I see a tremendous dynamism of the people, of the Nigerian economy.  The vice president talked about the recession, which is over now and Nigeria is back to growth. 

“Nigeria is the biggest market, the biggest country in Africa.  It is not only a market; it’s a potential of investment and development for the local people.”

Boquet says he is responsible for marketing and business development in sub-saharan Africa at Sodiaal Diary, a French diary co-operative owned by the farmers.


Lateefah Ibrahim