FG courts French Investors with bold Economic reforms

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

Speaking at the Nigeria Business Forum in Paris, organised by Business France, Alhaji Idris highlighted key reforms aimed at boosting the Nigerian economy. These include the unification of foreign exchange rates, the removal of fuel subsidies, restructuring electricity tariffs, tax and trade reforms, and digital policy overhauls—all designed to stimulate private sector growth.

He acknowledged the continued commitment of major French firms like TotalEnergies, Danone, and Schneider Electric to Nigeria and encouraged even deeper collaboration, particularly in sectors like agribusiness and manufacturing.

Alhaji Idris described Nigeria as the leading investment destination in Africa, citing 26 years of democratic stability and a 3.84% GDP growth in the first quarter of 2024.

The Minister also shared plans to strengthen Nigeria-France relations through engagements with top French media and cultural institutions, and invited more investments into Nigeria’s creative economy and livestock sector, which will be driven by the newly established Ministry of Livestock Development.