Shettima also disclosed that Nigeria was reforming its regulatory framework to attract foreign direct investment, in alignment with the African Continental Free Trade Area (AfCFTA) agreement to enhance regional trade.
He spoke on Wednesday in Lagos at the business forum of the Franco-Nigeria Chamber of Commerce and Industry (FNCCI) 2024 French Week.
The vice president said the relationship between Nigeria and France was highlighted as one of cooperation and mutual understanding, with a focus on economic ties that were essential for both nations.
Shettima, who was represented by Technical Adviser to the President on Foreign Direct Investment (FDI), Office of the Vice President (OVP), Princess Zahrah Mustapha-Audu, said the week aimed to enhance collaboration through sustainable investments, particularly in infrastructure, renewable energy, and agriculture.
According to him, France is identified as one of Nigeria’s largest trading partners, with French businesses playing significant roles in various sectors, including energy and finance.
He said Nigeria’s large population, growing middle class, and abundant resources presented significant opportunities for French businesses looking to expand.
The vice president reaffirmed Nigeria’s commitment to a vibrant partnership focused on people, planet, and prosperity, aimed at beneficial collaboration for future generations.
He said the commitment to reform and transparency in Nigeria was also aimed at creating a conducive environment for foreign investment, particularly from France, “which is seen as a key partner in achieving mutual goals.”
In his remarks, President of FNCCI, Guillaume Niarfeix, highlighted the collaboration between France and Nigeria across various sectors, particularly focusing on energy, infrastructure, and technology.
Niarfeix emphasised the importance of business-to-business and business-to-government partnerships between French and Nigerian companies, showcasing mutual benefits.
