HeadlinePolitics

Federal Government Courts French Investors with Bold Economic Reforms

Minister of Information and National Orientation, Alhaji Mohammed Idris, has called on French investors to explore vast opportunities in Nigeria, citing ongoing pro-business reforms, market potential, and a stable investment climate under President Tinubu’s Renewed Hope Agenda.

Minister, Speaking at Nigeria Business Forum in Paris, organised by Business France, highlighted key reforms including Forex unification, removal of fuel subsidies, electricity tariff restructuring, tax and trade reforms, as well as digital policy overhauls — all geared toward fostering private sector growth.

He praised French firms like TotalEnergies, Danone, and Schneider Electric for their longstanding commitment to Nigeria and urged deeper collaboration, especially in agribusiness and manufacturing.

Alhaji Idris described Nigeria as Africa’s top investment destination, boasting 26 years of democratic continuity and a GDP growth of 3.84% in Q1 2024.

The Minister revealed plans to deepen Nigeria-France ties through meetings with top French media and cultural institutions, and invited further investment in Nigeria’s creative economy and livestock sector, driven by the newly created Ministry of Livestock Development.

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