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Franco-Nigerian Business Ties Will Boost Nigeria's Economy, Says Prof. Gwarzo

A Founder Of Maryam Abacha American University, Professor Abubakar Gwarzo 

Nigeria is France’s leading trading partner in sub-Saharan Africa, and the fourth leading in Africa, behind Morocco, Algeria and Tunisia. In 2019, trade between the two countries amounted to €4.479 billion.

 In 2018, Nigeria ranked 28th among suppliers to France in the world. Conversely, Nigeria was France’s 60th customer. Moreover, with an FDI stock of €9.4 billion in 2018, France is one of Nigeria’s leading investors.

At the Business France Summit in June, President Emmanuel Macron, who has been keen to boost relations with Anglophone partners across the continent including Kenya, inaugurated the France-Nigeria Business Council, a private sector-driven initiative to enhance relations peopled by senior business leaders from both nations.

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