/ Jun 29, 2026
/ Jun 29, 2026

Tinubu hails $4.7bn Nigeria-France trade growth at summit

Published on

By

President Bola Tinubu has said trade between Nigeria and France reached $4.7 billion in 2025, describing it as a sign of stronger economic ties between both countries.

 

Speaking at the Africa Forward Summit in Nairobi, Tinubu said the partnership had moved beyond diplomatic discussions into what he called a phase of concrete economic execution, according to Channels Television.

The president made the remarks after the 10th meeting of the France-Nigeria Business Council, held alongside the summit. He said Nigeria remained the largest destination for French investment in sub-Saharan Africa and urged that the growing trade relationship should lead to more jobs, industries and infrastructure.

Tinubu said the rising trade volume showed that bilateral relations were becoming more significant economically and should now deliver direct benefits for citizens.

The meeting was attended by Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, and France’s Minister Delegate for Foreign Trade, Nicolas Forissier.

Business leaders present included Aliko Dangote, Abdul Samad Rabiu, Tony Elumelu and Aigboje Aig-Imoukhuede, alongside executives from TotalEnergies, CMA CGM, Danone and Accor.

A key outcome of the meeting was an agreement between Accor and Shoreline Group to create Nigeria’s first national hotel platform. Tinubu said the deal reflected investor confidence in the country’s tourism and hospitality sector.

He added that the future of Africa-Europe relations would depend on investments in factories, ports, hotels, technology, farms and energy projects rather than diplomatic declarations.

The summit, hosted by William Ruto and Emmanuel Macron, brought together more than 30 African leaders and business executives to discuss trade, innovation and sustainable development.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Brazil players pose for a team photo before their 2026 FIFA World Cup group stage match against Haiti in Philadelphia.

Brazil, Germany target World Cup last 16 as Morocco face Netherlands

Brazil and Germany will look to book their places in the last 16 of the 2026 FIFA World Cup on Monday as the knockout stage continues with four high-profile ties, while Morocco and the Netherlands meet in one of the most anticipated fixtures of the round.   According to AFP, five-time champions Brazil take on Japan in Houston as they continue their pursuit of a record-extending sixth World Cup title. Carlo Ancelotti’s side topped their group ahead of Morocco, with Vinicius Junior scoring four goals during the group stage. Despite being favourites, Brazil expect a stern challenge from Japan, who defeated them 3-2 in an international friendly last October. “We need to play with our heads and hearts, and be clear about what we want to do,” Ancelotti said, adding that his team are prepared for every possibility, including extra time and penalties. Brazil captain Marquinhos described the previous defeat to Japan as a valuable learning experience, while Japan coach Hajime Moriyasu said his players have grown stronger as a unit heading into the knockout rounds. The winners will face either Ivory Coast or Norway in the last 16. Germany, four-time world champions, meet Paraguay at Gillette Stadium near Boston in their first World Cup knockout match since lifting the trophy in 2014. Julian Nagelsmann’s side finished top of their group after victories over Curacao and Ivory Coast before losing to Ecuador. Although not considered among the tournament favourites, Nagelsmann insisted Germany’s ambition remains to win every match. Forward Kai Havertz said he, Florian Wirtz and Jamal Musiala are close to producing their best form after improving steadily throughout the group stage. Paraguay, appearing in the knockout phase for the first time since 2010, qualified as one of the best third-placed teams but face a difficult challenge after travelling across the United States following the group stage. The winner will meet either France or Sweden in the last 16. The standout fixture of the day sees three-time runners-up the Netherlands face 2022 semi-finalists Morocco in Monterrey, Mexico. Both nations are ranked among the world’s top eight and boast squads packed with talent from Europe’s leading leagues. Morocco’s squad includes Dutch-born defender Noussair Mazraoui and forward Ismael Saibari, who is set to join Bayern Munich after helping PSV Eindhoven win the Dutch league title. Canada have already secured their place in the last 16 after defeating South Africa 1-0 in Los Angeles. Captain Stephen Eustaquio scored the winner deep into stoppage time to send the co-hosts into the knockout phase for the first time. Canada coach Jesse Marsch said the achievement would inspire football fans across the country. Elsewhere, Saudi Arabia Football Federation president Yasser al-Misehal resigned after the Green Falcons were eliminated in the group stage. Al-Misehal had played a leading role in Saudi Arabia’s successful bid to host the 2034 FIFA World Cup.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.