Alternative Africa

Top Menu

  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

Main Menu

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

logo

Alternative Africa

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
  • France authorises first synthetic antibody treatment for severe Covid-19

  • African Breakthrough: South African firms develop two new vaccines to kill all covid variants

  • London Heathrow Airport Imposes Extra Passenger Charges to Cover Pandemic Costs

  • U.S. formally authorizes the single shot jab, J&J Covid-19 vaccine

  • British swimmer who once represented Great Britain now lives on London streets

BusinessNews Now
Home›Business›30 French companies to invest in Nigeria economy

30 French companies to invest in Nigeria economy

By alternativeafrica
December 11, 2017
721
0
Share:

President Muhammadu Buhari of Nigeria

By Adetokunbo Fakeye with Agency report

Abuja, Nigeria. Dec. 11, 2017 (AltAfrika)-A consortium of 30 French companies on Monday expressed readiness to invest in key sectors of the Nigerian economy.

According to News Agency of Nigeria, NAN, Philippe Labonne, the Head of French delegation made this known when he led the investors on a visit to the Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Yewande Sadiku in Abuja.

Labonne, it was reported listed the key sectors to include banking, infrastructure, renewable energy and youth empowerment.

He said that the decision by the companies to invest in Nigeria was taken following a directive by the French Government for French companies to increase their investments in Nigeria.

According to him, the Nigerian economic environment is encouraging following the recent stability in the country’s foreign exchange market.

In a bid toward achieving their investment objective, Labonne said that most of the French companies would form strategic partnerships with their Nigerian counterpart.
“We are here to access the investment environment in Nigeria to enable us take advantage of Nigeria’s investment opportunities.

“We have about 30 companies in this delegation in sectors such as infrastructure, services, agriculture and banking and the purpose of this meeting is to identify key sectors where we can invest.

“We are interested in many areas such as energy, agriculture, services, especially toward youths and we will identify other areas subsequently,” Labonne said.

In her remarks, the Executive Secretary NIPC said that Nigeria remained a top destination of capital inflows in the African continent.

According to Sadiku, Nigeria is strategically located in Africa to serve the needs of many countries as a regional hub to the continent.

“We have a compelling population that provides the market which means that Nigeria can serve as a manufacturing hub for investors.

“Nigeria gets about six per cent of the Foreign Direct Investments (FDIs) inflows and we remain a top destination of capital inflows.”

While expressing delight for the interest by the investors, Sadiku said that France was one of the many countries that Nigeria was targeting in its focused investment strategy.

She reiterated the objectives of Nigeria’s Economic Recovery and Growth Plan (ERGP), which she said charts governments expectations from an economic perspective to give investors comfort in areas to invest.

On investment inflows of FDIs, Sadiku said France appeared as number ten on the chart and represented about one billion dollars of the capital inflows that have come into Nigeria.

“But what we see of France is more than one billion dollars potentially of capital flows. As a country, we see potentially a lot more, if we work in building that relationship.
“And this event is one of such to deepen that investment relationship with the country and with the investors in the country.”

On the Ease of Doing Business, she noted that there had been great improvement and the government was working actively on recording more improvements to ensure more investments in Nigeria.

SHARE ON:
Previous Article

Egypt and Russia sign $21 billion nuclear ...

Next Article

Nigeria targets record 8,129MW in 2018- Fashola

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

alternativeafrica

Related articles More from author

  • News Now

    Nigeria: ICPC pioneer chairman, Justice Mustapha Akanbi passes on at 85

    June 3, 2018
    By alternativeafrica
  • News Now

    No man is limited: The story of Michelle Bachelet, a torture survivor now head UN human rights

    September 2, 2018
    By alternativeafrica
  • News Now

    What South Africa’s Monument Debate Taught Us About Our History, And Ourselves

    August 25, 2017
    By alternativeafrica
  • AfricaBusinessNews NowWorld

    Good news for Nigeria as oil Prices to average $74 in 2019

    November 1, 2018
    By alternativeafrica
  • AfricaBusinessHealthNews Now

    Kenya begins of construction of $36m Kidney Centre

    April 16, 2019
    By alternativeafrica
  • News Now

    Transparency International, EU Develop Tracking Platform to Monitor Money Laundering in Nigeria

    September 5, 2018
    By alternativeafrica

Leave a reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You might be interested

  • AfricaNews NowPolitics

    Ethiopia: Female appointees form half of new cabinet – reports

  • HealthNews NowWorld

    WHO-led consortium launches Covid-19-Oxygen Emergency Taskforce to address shortages

  • BusinessNews Now

    Arsenal partner ‘Visit Rwanda’

Timeline

  • March 1, 2021

    France authorises first synthetic antibody treatment for severe Covid-19

  • March 1, 2021

    African Breakthrough: South African firms develop two new vaccines to kill all covid variants

  • March 1, 2021

    London Heathrow Airport Imposes Extra Passenger Charges to Cover Pandemic Costs

  • February 28, 2021

    U.S. formally authorizes the single shot jab, J&J Covid-19 vaccine

  • February 28, 2021

    British swimmer who once represented Great Britain now lives on London streets

  • Popular

  • Comments

  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Morocco begins regional integration by connecting Casablanca Airport with High Speed Train

    By alternativeafrica
    January 4, 2020
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Nigeria: 32,000 capacity Lagos rice mill to start production in 2020

    By alternativeafrica
    December 23, 2019
  • Ado zagi
    on
    January 12, 2021

    Nigeria: EFCC Academy to begin award of degree

    Diploma leave areply from
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack followed a ...
AlternativeAfrica.com is an independent Pan African News Website dedicated primarily to influencing the negative narratives about Africa. We hope to do this by focusing and showcasing the many developmental strides sweeping across the continent.

Read more >>>

Contact Info

  • info@alternativeafrica.com
  • Recent

  • Popular

  • Comments

  • France authorises first synthetic antibody treatment for severe Covid-19

    By alternativeafrica
    March 1, 2021
  • African Breakthrough: South African firms develop two new vaccines to kill all covid variants

    By alternativeafrica
    March 1, 2021
  • London Heathrow Airport Imposes Extra Passenger Charges to Cover Pandemic Costs

    By alternativeafrica
    March 1, 2021
  • U.S. formally authorizes the single shot jab, J&J Covid-19 vaccine

    By alternativeafrica
    February 28, 2021
  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Macron in Ivory Coast to launch anti-terrorism academy

    By alternativeafrica
    December 21, 2019
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Ado zagi
    on
    January 12, 2021

    Nigeria: EFCC Academy to begin award of degree

    Diploma leave areply from
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...

Photostream

    Follow us

    • Home
    • About Us
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © Copyright Alternative Africa 2019. All rights reserved.