Home BUSINESS Buhari Lists Viable Investment Opportunities To French Business Community

Buhari Lists Viable Investment Opportunities To French Business Community

Buhari in France

President Muhammadu Buhari has taken his time to list numerous investment opportunities that are waiting to be explored as he addressed French community today in Paris, France.

Buhari made it clear that there is more to Nigeria investment opportunities than just oil exploration, adding that the country is blessed with lands rich in agricultural and mineral resources coupled with skilled and low-cost labour, large market, robust and competitive private sector, stressing that the areas remained largely untapped.

According to the President, other critical areas, such as agriculture, energy, automobile and skill development needed to be expanded to provide jobs for the youths.
President Buhari who spoke at a gathering of investors at the Nigerian-France presidential business forum which held at the headquarters of the French Business Confederation (MEDEF) in Paris called on the French investors to explore vast untapped natural deposits in Nigeria even as he said that the idea behind his aggressive campaign against insurgency is to create a safe haven for local and foreign business and investments.

President Buhari recalled that Nigeria and France already have a cordial trade partnership,saying that both countries needed to exceed their annual trade volume of $5billion, adding that the long standing economic ties between the two countries which dates back to 1902 when the CFO set up a training programme in Lagos State.

He promised evolve a competitive, virile, productive economy based on excellence, integrity, transparency, accountability and respect for the rule of law.

“It is a positive development that today Nigeria is the largest trading partner with France in Africa.

“But opportunities abound to greatly increase the current $5billion annual trade volume and I fully agree with President Hollande when he declared in February, 2014 in Abuja that trade volume between both countries should double in four years.

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“Today many French companies are happy to have flourishing businesses in Nigeria, opportunities abound to greatly increase the $5billion annual trade volume between the two countries”

“Nigeria is now at a new dawn to chart and reposition its destiny for greatness. We are resolved and firmly determined to consolidate on industrializing Nigeria and diversifying its economy into sectors such as agro-processing, mining, manufacturing, petro-chemicals, food processing and textiles.

“Nigeria has what it takes to make a break-through and there is more to Nigeria than oil. It is a blessed land rich in agricultural and mineral resources coupled with skilled and low-cost labour, large market, robust and competitive private sector”, he said.

The President also expressed his gratitude to President of the Movement of French Entrepreneurs (MEDEF), Mr Pierre Gattaz, organizers of the French-Nigeria Business Forum for making the gathering a possibility.

He said that he was looking forward to hosting the French business community in three weeks time.
Earlier, Mr. Gattaz who described Nigeria as the biggest economy in Nigeria expressed their readiness to do business in Nigeria, saying that electoral victory of president Buhari was one way of taking Nigeria out of the economic doldrums, assuring the president of their support through businesses and investments in the country. [myad]

 

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