Buhari assures French investors on favourable business climate

President Muhammadu Buhari has assured investors in France of his administration’s commitment to providing a suitable business environment that will boost economic activities and create jobs for Nigerian youth.
He gave the assurance, while addressing a gathering of investors at the Nigerian-France presidential business forum at the headquarters of the French Business Confederation (MEDEF) in Paris.

He told the gathering that one of the reasons he decided to tackle insecurity as soon as he assumed office, was to ensure the safety of all citizens and guarantee investment for local and foreign investors.
President Buhari stated that with the existing cordial trade partnership between Nigeria and France, both countries needed to promote a win-win sustainable business relationship.

He recalled both countries long standing economic ties, which dates back to 1902, when the CFO set up a training programme in Lagos State, and assured that his government would rebuild Nigeria into a competitive, virile, productive economy based on excellence, integrity, transparency, accountability and respect for the rule of law.
He said: “It is a positive development that today, Nigeria is the largest trading partner with France in Africa. But opportunities abound to greatly increase the current $5 billion annual trade volume and I fully agree with President Francois Hollande, when he declared in February, 2014 in Abuja, that trade volume between both countries should double in four years.”

According to the President, the trade expansion is to cover critical areas, including agriculture, energy, automobile and skill development.

“Today, many French companies are happy to have flourishing businesses in Nigeria, opportunities abound to greatly increase the $5 billion annual trade volume between the two countries,” Buhari said, and lauded the French President’s commitment to redoubling this number.

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