French Week 2021 Economic Summit: The Federal Government has created different approaches to tackle issues affecting businesses in Nigeria- Otunba Niyi Adebayo

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As part of creating a platform where business owners can have  access to vital information for business growth within and outside Nigeria, The Franco-Nigerian Chamber of Commerce & Industry, gathered together business owners from diverse sectors for French week 2021 economic  summit themed “The Nigerian Foreign market and the ease of doing business in Nigeria”.

From Right to Left: Mounir Alhoz -Director General,Cyril Darneix – Economic Counsellor French Embassy,Mr Gabriel Ukpeh – Special Adviser to the governor of Akwa ibom State,Pascal Furth – Regional Economic Councellor French Embassy,Edodo Emore – Secretary General FNCCI,Otunba Adeniyi Adebayo – Minister for industry,trade and investment, Usman Mohammed -Chairman FNCCI,Victoria Adefala – Managing Partner Whitgift,Alh .Bola Afeez – CEO Bolamark, Laurent Couderc – Ponticelli Board Member FNCCI, Ize Matebese – Secretary General FNCCI,Moses UMORU – Director General FNCCI

The well attended event which took place recently at Wheatbaker  hotel, Ikoyi Lagos had Minister of Trade, Industry and Investment, Otunba Niyi Adebayo,Special adviser to Governor of Akwa Ibom state, Gabriel Ukpeh, Regional Economic Counsellor, French Embassy Lagos, Pascal Furth, General Manager of Schneider Electric, Christopher Begat, Managing Director of Danone Ferdinand Mouko, Founder of Flying Doctors, Doctor Ola Brown in attendance.

Minister of Trade, Industry and Investment, Otunba Niyi Adebayo

According to the Minister of Trade, Industry and Investment, Otunba Niyi Adebayo in his speech during the French week 2021 Economic Summit, “President Muhammadu Buhari administion is adopting legislation backed policy to promote the ease of doing business in the country. AfCFTA implementation plan ongoing in MDA. The Allied Matters Act (CAMA) 2020 and the Petroleum Industry Act 2021 have placed Nigeria as top countries in Africa.”

He assured that “The Federal Government has created mechanisms and different approaches to tackle issues affecting businesses in Nigeria such as insecurity, high foreign exchange to mention but a few.”

Chairman of Franco-Nigerian Chamber of Commerce & Industry, Usman Mohammed, “The Collaboration between France & Nigeria is a good one. This summit is an enlightenment to business owners. There are lots of windows opportunities for business owners, I know there are challenges but we will get there with resilience & commitment.”

He also encouraged business owners to seek more information “The key point is people to have more information. I want to use this opportunity to employ people to join FNCCI, we have programmes every 60 days, it’s affordable for business owners”.

Special adviser to Governor of Akwa Ibom state, Gabriel Ukpeh in a brief chat with Zivang,  “ This is a good summit, The coordination between private and Government sector is very important, where we can discuss, solve problems in the economic space. Then, this will help the ease of doing business in Nigeria.”

Special adviser to Governor of Akwa Ibom state, Gabriel Ukpeh

Director of Franco-Nigerian Chamber of Commerce & Industry, Moses Umoru in his words “The French week have been promoting France & Nigeria relationship over the years. We have over 120 french companies in Nigeria, during the COVID-19 pandemic last year, no french company Left Nigeria and it’s worth celebrating. For example, Some French companies 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, Total changed their name to Total Energies Diversifying into the renewable energy space. According to the United Nations its Zero Emission standards”.

He also explained further, “ Economic summit is to bring together business minds to talk about key issues that affect their businesses. It’s one thing to bring your business to Nigeria and it’s another thing to have funds for exporting it out of Nigeria. One of the fundamental issue is foreign exchange markets, we thank the Central Bank of Nigeria for what they have been doing so far, it’s no more double exchange or triple exchange rate. This would help Investors know Nigerians are ready to do business”.

Director of Franco-Nigerian Chamber of Commerce & Industry, Moses Umoru

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.

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