FRANCE INVESTMENTS & PARTNERSHIP IN NIGERIA AS TOP AGENDA AT THE 2024 FRENCH WEEK CELEBRATION

In a recent chat with the Director General of the Franco-Nigerian Chamber of Commerce and Industry, Mr. Moses Umoru, on the significance of the French week 2024 holding in Lagos from the 8^th-15^th of November, Moses stated that “France has continued to play a strategic role in Nigeria’s development with its business presence totaling over 100 companies, and contributing to over 10,000 direct jobs. He stated that Nigeria is France’s leading trading partner in sub-Saharan Africa, and the fourth-largest in Africa, behind Morocco, Algeria and Tunisia.  Nigeria accounts for around 20% of France’s trade with sub-Saharan Africa.

He recounted that French companies like TotalEnergies continue to expand its investment in the energy sector with its recent drive to invest $6 billion (around €5.5 billion) over several years in Nigeria’s energy industry, particularly in gas and offshore projects.

Fanmilk Nigeria, which was acquired by Danone, continues to partner with governments in various states and expand its investment in Nigeria with the recently commissioned production line in Ibadan.

Schneider Electric reinforces its operations in Nigeria with the commissioning of its new office facility recently and empowering individuals, communities and industries with sustainable energy solutions

Access Bank Plc actions its plans to foster France-Nigeria trade by establishing a commercial presence in Paris.

SPIE Global Services Energy, commissioned a technical training center in Port Harcourt to train Nigerians on the technical aspects of its operations and boost local content in the energy service sector.  

The French Development Agencies, AFD and Proparco, continue to support Nigeria’s development by funding sustainable projects in Nigeria. Business France supports the establishment of French Companies in Nigeria by organizing various missions cutting across multiple sectors, among others.

The 2024 French Week he stated is aimed at celebrating the impact of French Presence in Nigeria, while highlighting the impact and collaborations made by French and Nigerian companies. The 2024 French week is organized by the Franco-Nigerian Chamber of Commerce and Industry, under the patronage of the French Embassy and French Consulate in Nigeria. 

The 2024 The 2024 French organized by the Franco-Nigerian Chamber of Commerce & Industry , under the patronage of the French Embassy and French Consulate in Nigeria is aimed at celebrating the impact of French Presence in Nigeria.

This year’s celebration holding the 8th and 15th of November 2024 has been carefully put together to project the Franco-Nigerian business relations with a high-level business forum themed around “Enhancing France-Nigeria Relations Through Sustainable Investments and Partnerships”. A Tech Startup conference and pitch session in partnership with French Tech Lagos, A cultural evening, among others. 

The Sponsors of the French week are;

About the Franco-Nigerian Chamber of Commerce and Industry (FNCCI)

The Franco-Nigerian Chamber of Commerce and Industry has been a pillar of Franco-Nigerian relations, dedicated to fostering sustainable economic and cultural ties. With a commitment to excellence and partnership, the FNCCI continues to play a critical role in creating opportunities that drive the development of both nations.