France-Nigeria economic partnership entering ‘execution phase’ – Tinubu
President Tinubu Emphasizes Investment Focus Following France-Nigeria Business Council Meeting
Nairobi, Kenya – President Bola Ahmed Tinubu has expressed optimism regarding the outcomes of the 10th France-Nigeria Business Council Meeting, held during the Africa Forward Summit. He indicated that both nations are prioritizing the implementation of business agreements and investment initiatives.
The announcement came in a press release shared by Bayo Onanuga, the Presidential Adviser on Information and Strategy, on May 12, 2026.
The statement highlighted that trade between Nigeria and France reached $4.7 billion in 2025, solidifying Nigeria’s position as the primary destination for French investments in Sub-Saharan Africa.
The meeting featured participation from Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, as well as France’s Minister Delegate, Nicolas Forissier, and business leaders from both countries.
President Tinubu praised Aigboje Aig Imoukhuede, Chairman of the France-Nigeria Business Council, for organizing the event, which drew together key private sector representatives from both nations.
Prominent business figures, including Aliko Dangote, Abdul Samad Rabiu, Tony Elumelu, and Wale Tinubu, were also in attendance, alongside representatives from corporations such as TotalEnergies, CMA CGM, Danone, and Accor.
The President welcomed a notable agreement between Accor and 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 stated.
He affirmed his administration’s commitment to enhancing the business environment, supporting investors, and advancing economic reforms.
