The Director General of the Franco-Nigerian Chamber of Commerce and Industry, Mr Moses Umoru on the occasion of the 2021 French week celebration holding in Lagos from the 19th-26th November, briefed the press on France Nigeria relation and the significance of the Frenchweek.
He stated that “Although the covid-19 pandemic affected trade between both countries as the volume of trade between France and Nigeria dropped to $2.3bn in 2020 from $4.5bn in 2019”, French companies in Nigeria remained committed to doing business in as most ambarked on CSR Projects like Schneider Electric, Total Energies and others further stamped their footprints in Nigeria like Danone (Fanmilk) with huge investments in backward integration for the production of dairy milk for their products, Delifriost Nigeria now sourcing local milk from Kano state for their Dairy products , among others.
He stressed that the efforts and activities of the key economic players like the AFD( French development bank), Business France, the Economic department of the Embassy and The Franco-Nigeria Chamber of Commerce have supported the growth of the French-Nigeria business relations in Nigeria. The visit of the French Minister for Trade and Attractiveness, Franck Riester, the meeting of Nigerian business moguls with the President of the French Republic, and other very strategic moves by the French government has and will continue to catalyze trade activities in Nigeria says the DG. Nigeria remains France’s leading trading partner in sub-Saharan Africa and the fourth in Africa behind Morocco, Algeria, and Tunisia with the energy sector taking a prominent position in trade and other sectors like agriculture, e-commerce, transportation, logistics, and other service areas following suit.
The commitment of the French government towards the growth of start-ups in Africa was also acknowledged (with a keen focus on Nigeria) as President Macron had earlier pledged a financial commitment of EUR130 million at the New Africa-France Summit covering the next three years.The Chamber on it’s part also opened a new membership category where young entrepreneurs in Nigeria can benefit from the chamber’s ecosystem at no cost. Technical training, Trade exhibition, and other programs have been organized for the members of this category since the inception. Irrespective of the impact of the pandemic, the French week celebration had been scheduled to hold from the 19th – 26th of November in Lagos to celebrate the French business resilence in Nigeria.
This epic celebration will bring together business figures from France and Nigeria in an atmosphere of networking and business exchanges and it is believed that this event will further enhance the relationship between France and Nigeria as both countries are on the path to greater economic prosperity. The French week 2021 is sponsored by UBA, Schneider Electric, Zenith bank, Total Energies, Delifrost, Bollore Transport & Logistics, SPIE, African Reinsurance Corporation, Oxford International Group, Bourbon Interoil Nigeria Ltd, Mazars, GMT Nigeria Ltd, Clina-Lancet, NESSCO, Relais International, Bolamark Engineering, Aelex, CFAO, Swipha Pharma, Danone, and Vallourec.