Even as former colonies disengage from her choking hold, President Tinubu is in a warm embrace with France, signing, on Thursday in Paris, two agreements worth over €300 million.
Presidential resources reveal that the deal is aimed at advancing critical infrastructure and food security in Nigeria.
The agreements were formalized during President Bola Tinubu’s state visit to France, which included a key economic forum at the Palais des Élysée in Paris.
The event brought together leaders from both countries, including business executives, governors, and top officials, to discuss the future of their partnership.
The agreements focus on several key sectors, including agriculture, transportation, healthcare, and renewable energy, with the goal of addressing pressing challenges and fostering sustainable growth across Nigeria.
Nigeria’s Minister of Finance, Wale Edun, and French Minister of Economy, Finance, and Industry, Antoine Armand, signed a Letter of Intent outlining plans for collaboration in these critical areas.
The package will be distributed across Nigeria’s geopolitical zones, ensuring that all regions benefit from the financial and technical assistance.
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In addition, the financial cooperation will support Nigeria’s ambitious development projects in urban infrastructure, MSMEs, and food security.
As part of the deal, the French Development Agency (AFD) committed to funding agro-logistic hubs and other initiatives to improve energy access, agriculture, and small business support.
The cooperation will also focus on enhancing educational opportunities, especially in STEM fields, to better prepare Nigeria’s workforce for future challenges.
