{"id":923383,"date":"2026-07-29T09:16:26","date_gmt":"2026-07-29T14:16:26","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/29\/france-deepens-trade-investment-push-in-nigeria\/"},"modified":"2026-07-29T09:16:26","modified_gmt":"2026-07-29T14:16:26","slug":"france-deepens-trade-investment-push-in-nigeria","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/29\/france-deepens-trade-investment-push-in-nigeria\/","title":{"rendered":"France Deepens Trade, Investment Push in Nigeria"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"392\" src=\"https:\/\/thewillnews.com\/wp-content\/uploads\/2026\/07\/IMG_6540-696x392.jpeg\"   alt title=\"bitcoins Tinubu, Taiwo Oyedele, France\"><\/p>\n<ul>\n<li>\n<h3><strong>France has reaffirmed its commitment to strengthening trade and investment with Nigeria, its largest trading partner in sub-Saharan Africa and the biggest recipient of French investments in West Africa.<\/strong><\/h3>\n<\/li>\n<li>\n<h3><strong>More than 100 French companies now operate in Nigeria, employing over 16,000 people, while the French Development Agency has invested more than \u20ac3.3bn in projects across 23 states.<\/strong><\/h3>\n<\/li>\n<li>\n<h3><strong>France said it is expanding support for Nigeria\u2019s energy sector through new investments, including an oil and gas business mission and a pilot hydroelectric project in Katsina State.<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p>July 23, (THEWILL) \u2014 France has reaffirmed its commitment to expanding trade and investment with Nigeria, citing growing commercial partnerships and development financing as key pillars of the two countries\u2019 economic relationship.<\/p>\n<p>The European nation described Nigeria as its largest trading partner in sub-Saharan Africa and the leading destination for French investments in West Africa, accounting for about 60 percent of the region\u2019s French investment portfolio.<\/p>\n<p>Speaking during a reception to mark France\u2019s National Day in Lagos, the Consul General of France, Laurent Favier, said bilateral relations had strengthened in recent years through increased investment, diplomatic engagement and cooperation across critical sectors of the economy.<\/p>\n<p><a href=\"http:\/\/www.zenithbank.com\/ziva\" target=\"_blank\" rel=\"noopener external noreferrer\" data-wpel-link=\"external\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thewillnews.com\/wp-content\/uploads\/2021\/09\/Ask_ZiVA_728x90.gif\" alt=\"bitcoins Ask ZiVA 728x90 Ads\" width=\"728\" height=\"90\"><\/a><\/p>\n<p>According to him, more than 100 French companies currently operate in Nigeria, employing over 16,000 Nigerians in industries including energy, infrastructure, technology, education, and manufacturing.<\/p>\n<p><strong>France expands commercial engagement<\/strong><\/p>\n<div>\n<figure id=\"attachment_467705\" aria-describedby=\"caption-attachment-467705\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thewillnews.com\/wp-content\/uploads\/2026\/07\/Ochei-Advertisement.jpg\" alt width=\"820\" height=\"312\"><figcaption id=\"caption-attachment-467705\">Advertisement<\/figcaption><\/figure>\n<\/div>\n<p>Favier said France has continued to deepen business ties with Nigeria through targeted investment initiatives aimed at supporting economic growth and private sector development.<\/p>\n<p>He disclosed that Business France recently led an oil and gas trade mission to Nigeria, bringing together about a dozen French companies seeking investment opportunities in the country\u2019s energy sector.<\/p>\n<p>He also said the French Treasury is financing a pilot project to develop small hydroelectric power stations in Katsina State as part of broader efforts to strengthen electricity access and support Nigeria\u2019s energy transition.<\/p>\n<p>According to Favier, the initiatives reflect France\u2019s long-term commitment to building sustainable commercial partnerships while encouraging innovation and private sector participation.<\/p>\n<p><strong>Development financing strengthens partnership<\/strong><\/p>\n<p>Beyond private investment, France said development financing has remained central to its engagement with Nigeria.<\/p>\n<p>Favier said the French Development Agency has supported 57 projects across 23 states over the past 17 years, mobilising more than \u20ac3.3 billion in funding, including over \u20ac1.1 billion through its private-sector arm, Proparco.<\/p>\n<p>He said the investments have focused on improving infrastructure, supporting businesses, creating jobs and expanding skills development to promote inclusive economic growth.<\/p>\n<p>Favier added that recent engagements between both countries, including the Creation Africa Forum held in Lagos last year, had opened new opportunities for collaboration in vocational training, digital innovation, higher education and the creative industry.<\/p>\n<p>He said France would continue working with Nigeria to deepen cooperation across trade, investment, innovation, education, and sustainable development.<\/p>\n<div data-box-layout=\"tabbed\" data-box-position=\"below\" data-multiauthor=\"false\" data-author-id=\"5787\" data-author-type=\"user\" data-author-archived>\n<nav><label for=\"mab-tab-profile-7332256072\"><span>Author Profile<\/span><\/label><label for=\"mab-tab-related-7332256072\"><\/label><\/nav>\n<div data-profile-layout=\"layout-1\" data-author-ref=\"user-5787\" itemscope itemid=\"https:\/\/thewillnews.com\/author\/ogochukwu-onwaeze\/\" itemtype=\"https:\/\/schema.org\/Person\">\n<p><a href=\"https:\/\/thewillnews.com\/author\/ogochukwu-onwaeze\/\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/thewillnews.com\/wp-content\/uploads\/2026\/05\/e85f5307-0273-4868-a24f-9694eaca365b-150x150.jpeg\" alt=\"bitcoins Stylized headshot of a person with short hair, large glasses, pink lipstick, and a diamond-shaped earring in the left ear.\" itemprop=\"image\"  ><\/a><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.thewillnigeria.app\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thewillnews.com\/wp-content\/uploads\/2022\/01\/THEWILL-APP-ADS-2.jpg\" alt=\"bitcoins THEWILL APP ADS 2\" width=\"800\" height=\"186\"><\/a><\/p>\n<\/p><\/div>\n<p> Ogochukwu Onwaeze, THEWILL <a href=\"https:\/\/thewillnews.com\/france-deepens-trade-investment-push-in-nigeria\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>France has reaffirmed its commitment to strengthening trade and investment with Nigeria, its largest trading partner in sub-Saharan Africa and the biggest recipient of French investments in West Africa. More than 100 French companies now operate in Nigeria, employing over 16,000 people, while the French Development Agency has invested more than \u20ac3.3bn in projects across<\/p>\n","protected":false},"author":1,"featured_media":923384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32791,1567],"tags":[11476],"class_list":["post-923383","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deepens","category-france","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/923383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=923383"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/923383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/923384"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=923383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=923383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=923383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}