France volume of trade with Nigeria in the year 2020 dropped to $2.3 billion, from $4.5 billion in 2019, as a result of COVID-19, according to a French official.
This was disclosed at a meeting held with Nigeria Governors’ Forum (NGF), in Abuja, by a French Minister in charge of Foreign Trade and Attractiveness, Frank Riester as part of his two-day official visit to Nigeria. He also added that the French government was also putting in place measures that would allow more Nigerian companies to operate and invest in France.
According to him France have 100 companies that are settled in Nigeria, representing 10,000 people working in these companies.
The Minister by the name Riester said this is necessary as Nigeria has the biggest economy in Wes Africa.
“We are optimistic of the future, when the crisis will be ending, because we have many companies that have settled here. We want a win-win partnership between our two countries.
“We have 100 companies that are settled in Nigeria, representing 10,000 people working in these companies and we want to increase our investments in Nigeria”, he said.
“Tomorrow, I will meet some Nigeria companies that have already invested in France, as others are willing to invest in the country.
“These companies will be invited to a specific meeting in Paris in June, where President Emmanuel Macron will welcome many companies all over the world, and some of the companies will be from Nigeria, because we want more Nigerian investments in France.”