The results of the 10th France-Nigeria Business Council Meeting, which took place during the Africa Forward Summit in Nairobi, Kenya, were welcomed by President Bola Ahmed Tinubu, who stated that both nations are now concentrating more on carrying out business agreements and investment plans.
On May 12, 2026, a State House press release detailing the development was uploaded on the official page of Presidential Adviser on Information and Strategy, Bayo Onanuga.
Nigeria continues to be the top location for French investments in sub-Saharan Africa, with trade between Nigeria and France reaching 4.7 billion dollars in 2025, according to the statement.
Nigeria’s Minister of Industry, Trade, and Investment Jumoke Oduwole, France’s Minister Delegate Nicolas Forissier, and business executives from both nations attended the conference.
Aigboje Aig Imoukhuede, the chairman of the France-Nigeria Business Council, was praised by President Tinubu for organizing the gathering of significant business sector figures from both France and Nigeria.
Along with representatives of businesses like TotalEnergies, CMA CGM, Danone, and Accor, the statement also recognized the presence of prominent businessmen like Aliko Dangote, Abdul Samad Rabiu, Tony Elumelu, and Wale Tinubu.
The deal between Accor and Shoreline Group for what was called Nigeria’s first national hotel platform was especially hailed by Tinubu.
Nigeria is prepared for this kind of collaboration. The President declared, “We are prepared for investment that builds, capital that produces, and enterprise that creates jobs.”
He added that his administration would keep working to strengthen economic reforms, assist investors, and improve the business climate.
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