Nigeria Attracts 60% of French Investment in West Africa

Nigeria has maintained its status as the leading destination for French investment in West Africa, representing approximately 60% of France's investments in the region. The French Consul General in Lagos, Laurent Favie, stated that over 16,000 Nigerian workers are employed across more than 100 French companies in Nigeria, with plans for further job creation as investments grow.

Favie highlighted energy as the primary focus of French investments in Nigeria, reflecting France's long-term confidence in the Nigerian economy. He noted the significance of the French National Day celebration, which underscores the partnership between France and Nigeria, established over 17 years.

Team France, comprising various institutions, has facilitated numerous partnerships and Memoranda of Understanding aimed at job creation and sustainable economic growth. The French Development Agency (AFD) has invested over €3.3 billion in 57 projects across 23 Nigerian states, benefiting over one million Nigerians through improved access to safe drinking water and investments in electricity and infrastructure.