President Bola Tinubu has assured French investors of his administration’s commitment to creating a business-friendly environment in Nigeria while emphasizing improvements in the country’s security situation.
The president made this statement on Thursday during a joint press briefing with French President Emmanuel Macron at the Elysee Palace in Paris.
Tinubu highlighted Nigeria’s readiness to welcome foreign investments, pointing out the country’s skilled and educated youth as a key asset. He urged French investors to consider the opportunities available in Nigeria, especially as the nation works to diversify its economy away from fossil fuels.
“Nigeria is open for business,” Tinubu stated. “We are stabilizing the security system in Nigeria and making significant progress. I assure investors that Nigeria now offers a safer environment to operate. We are committed to maintaining a free market economy with no barriers to entry or exit.”
The president also emphasized the importance of youth development as a priority for his administration, calling for French expertise and investment to help train and equip Nigeria’s vibrant youth population. “Our youth are educated, talented, and ready to be trained. We need French investment to help develop their skills and contribute to our economic transformation,” he said.
Tinubu spoke on efforts to promote economic diversification, particularly in sectors like marine and blue economies. He cited Lagos as an example of progress, noting the state’s success in managing coastal infrastructure. “In Lagos, we have successfully tamed the Atlantic Ocean, and we are advancing in marine and blue economy initiatives. Fisheries and aquaculture are critical components of our untapped economic potential,” he explained.
He also expressed gratitude to the French government for fostering a conducive environment for Nigerian businesses in France. Tinubu promised to reciprocate by ensuring French businesses find a welcoming and stable environment in Nigeria, particularly in areas like food security.
“Thank you for supporting Nigerian businesses in your country. We are building the same foundation for French investors in Nigeria, particularly in food security and other strategic sectors,” he added.
President Tinubu’s engagement with French investors aligns with his administration’s broader strategy to attract foreign direct investment and foster international partnerships. By emphasizing security improvements, economic diversification, and youth development, the president seeks to position Nigeria as a prime destination for global business opportunities.
