France to continue fostering economic, investment ties with Nigeria

Date:

May 25, 2023.

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Azonuchechi Chukwu.

The French Government has said it will continue fostering economic and investment ties with Nigeria to promote trade between France and Nigeria.

This is even as it revealed that it is looking forward to working with the Nigerian Exchange Limited (NGX) to have more brands listed on its platform in the coming year.

The Consul General of France in Lagos, Ms Laurence Monmayrant, disclosed this during the Closing Gong ceremony for the Franco-Nigerian Chamber of Commerce and Industry, in honour of the French Consul General in Lagos on Tuesday.

In his opening remark, Divisional Head, Capital Markets, NGX, Jude Chiemeka, said that the Exchange is particularly interested in forging a relationship around the 100 companies that are French companies operating in Nigeria as the NGX is known to house over 153 listed companies and has 232 trillion license holders.

Chiemeka noted that the NGX sees itself as the African hub for corporates seeking to raise capital and for investors looking for investment instruments to help grow their wealth.

Monmayrant on her part, stated that the Franco-Nigeria Chamber of Commerce is pleased with the Exchange’s role in sustainability and finance which corresponds with the chamber’s values.

She said, “We are very interested in the work that we are doing because the stock exchange is a catalyst of attracting investments to Nigeria and this is really something we are working on also. Currently, the Franco-Nigerian chamber has over 400 members and among them, are 100 French companies and also Nigerian companies having a strong interest in France and this is really our job to foster these economic ties between France and Nigeria.

France may not be the first country in mind when it comes to business and investments in Nigeria but we have made a lot of progress and achievements. Our President, Emmanuel Macron values the relationship with Nigeria. We have nearly $10 billion invested from French companies in Nigeria and have grown over the last few years. Nigeria currently attracts 60 per cent of French foreign direct investments (FDIs) in West Africa”.

According to her, “We want to continue to work on this and we think that French companies will continue to show interest in Nigeria.”

Chiemeka further thanked the French delegation and reiterated that the Exchange will continue to promote an enabling platform where corporates and individuals can meet their objectives. (www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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