French President, Francois Hollande *France: Nigeria is investors’ unavoidable destination By Ndubuisi Francis in Paris, France Nigeria will be a major beneficiary of a 240 billion Euro fund being earmarked by France for investment in Africa as the European nation renews its investment drive on the continent. French President, Francois Hollande, who unfolded France’s renewed investment plans in Africa at the ‘French-African Forum for a Shared Growth’ in Paris, France, at the weekend, described Africa as “our future.” President Goodluck Jonathan was represented at the forum attended by many African leaders, ministers and corporate chieftains by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala.
Hollande stated that Africa stands out as the
world’s preferred investment destination, considering its impressive economic growth over the years and abundant unexploited human and natural resources.
His government, he said, is adopting a multi- pronged investment drive in Africa as well as infrastructure funding, noting that France was willing to woo a number of countries to invest in Africa.
The French leader noted that there was a convergence of cultural links, assuring that France would support Africa better in investment and funding of projects.
He said the 240 billion euro being earmarked
by his government for Africa would help African countries drive their growth, admonishing French companies to be more aggressive in their investments in Africa. “Africa is our future. It is a continent with great demographic evolution. It has recorded the highest growth in the last few years. It is also a continent full of untapped resources...,” Hollande said, noting that Africa boasts an army of vibrant youth population unlike other continents Besides the 240 billion euro earmarked for investment in Africa, he disclosed that an export bank was being put together at the end of March to help African countries access funds, just as a
Earlier, the French Minister of Finance and Economy, Mr. Michael Sapin had disclosed that Nigeria would be a major beneficiary France’s renewed investment drive in Africa. Sapin stated that investing in Africa without Nigeria was unthinkable, adding: “if you are not in Nigeria, you are not in Africa”.
“With a huge market and investment potentials, he noted that “no serious investor
can ignore Nigeria, given the large population, highly skilled human capital and massive untapped natural resources”. Sapin said already a contact group had been formed to ensure that French investors took the centrestage of business activities in Nigeria and African countries..
source : Thisdays
Hollande stated that Africa stands out as the
world’s preferred investment destination, considering its impressive economic growth over the years and abundant unexploited human and natural resources.
His government, he said, is adopting a multi- pronged investment drive in Africa as well as infrastructure funding, noting that France was willing to woo a number of countries to invest in Africa.
The French leader noted that there was a convergence of cultural links, assuring that France would support Africa better in investment and funding of projects.
He said the 240 billion euro being earmarked
by his government for Africa would help African countries drive their growth, admonishing French companies to be more aggressive in their investments in Africa. “Africa is our future. It is a continent with great demographic evolution. It has recorded the highest growth in the last few years. It is also a continent full of untapped resources...,” Hollande said, noting that Africa boasts an army of vibrant youth population unlike other continents Besides the 240 billion euro earmarked for investment in Africa, he disclosed that an export bank was being put together at the end of March to help African countries access funds, just as a
Earlier, the French Minister of Finance and Economy, Mr. Michael Sapin had disclosed that Nigeria would be a major beneficiary France’s renewed investment drive in Africa. Sapin stated that investing in Africa without Nigeria was unthinkable, adding: “if you are not in Nigeria, you are not in Africa”.
“With a huge market and investment potentials, he noted that “no serious investor
can ignore Nigeria, given the large population, highly skilled human capital and massive untapped natural resources”. Sapin said already a contact group had been formed to ensure that French investors took the centrestage of business activities in Nigeria and African countries..
source : Thisdays
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