President Bola Ahmed Tinubu has announced that the economic partnership between Nigeria and France is shifting from planning to active implementation, highlighting stronger business ties and investment opportunities between the two nations.
In a statement released on May 12, 2026, via Presidential Adviser on Information and Strategy Bayo Onanuga, Tinubu welcomed the outcomes of the 10th France-Nigeria Business Council Meeting, held on the sidelines of the Africa Forward Summit in Nairobi.
According to the presidency, bilateral trade between Nigeria and France reached $4.7 billion in 2025, with Nigeria continuing to serve as the top destination for French investments in sub-Saharan Africa.
The high-level meeting brought together key government officials, including Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, and France’s Minister Delegate, Nicolas Forissier, along with prominent business leaders from both countries.
President Tinubu praised the Chairman of the France-Nigeria Business Council, Aigboje Aig-Imoukhuede, for successfully convening major private sector players.
Notable Nigerian participants included Aliko Dangote, Abdul Samad Rabiu, Tony Elumelu, and Wale Tinubu, while French companies such as TotalEnergies, CMA CGM, Danone, and Accor were represented.
A standout development from the meeting was the agreement signed between Accor and the Shoreline Group to establish Nigeria’s first national hotel platform.
“This is the partnership Nigeria is ready for. We are ready for investment that builds, capital that produces, and enterprise that creates jobs,” President Tinubu said.
He reaffirmed his administration’s commitment to improving the business environment, supporting investors, and advancing ongoing economic reforms to attract more meaningful partnerships.
The development signals a maturing phase in Nigeria-France relations, moving beyond dialogue toward concrete projects that could boost job creation, infrastructure, and economic growth.
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