Nigerian President Bola Tinubu and French President Emmanuel Macron have signed two key agreements aimed at strengthening bilateral cooperation in critical infrastructure, agriculture, and food security.
The agreements, finalized on Thursday in Paris, were witnessed by top business leaders, governors, and officials from both countries.
The event took place at the Palais des Élysée during President Tinubu’s state visit to France.
The deals focus on investments and the long-term development of vital sectors such as healthcare, transportation, agriculture, renewable energy, and human capital. The two countries have pledged over €300 million in funding, which will be spread across all regions of Nigeria.
“This partnership will create opportunities for economic growth, infrastructure development, and improved living standards for Nigerians,” said Bayo Onanuga, Special Adviser to President Tinubu.
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In a related move, Nigeria’s Finance Minister Wale Edun and French Economy Minister Antoine Armand signed a Letter of Intent to enhance collaboration in these areas.
The document outlines a comprehensive approach to removing fiscal barriers, improving trade, and fostering job creation in both nations.
The agreement also includes support from the French Development Agency (AFD) for the Nigerian government’s “Renewed Hope Agenda.” This initiative aims to boost the Nigerian economy through sustainable urban infrastructure, transportation networks, and advances in education, agriculture, and healthcare.
“The AFD is committed to helping Nigeria achieve long-term socio-economic growth by funding projects in vital sectors,” said Rémi Rioux, CEO of the French Development Agency.
Nigeria has pledged to fully support these projects and ensure their swift and efficient implementation, marking a significant step toward strengthening the bilateral relationship between the two countries.
