NLNG Corporate Respect banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

Buhari woos foreign investors in France

By News Express on 15/09/2015

Gmail icon

Views: 2,254

President Muhammadu Buhari has devoted much of his time in France towards the wooing of investors. In a meeting shortly after his arrivalin Paris yesterday, President Buhari said there was more to Nigeria than just oil exploration, stressing that the the country is greatly 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.

He also stated that other critical areas, such as agriculture, energy, automobile and skill development needed to be expanded to provide jobs for the youths.

Today, the Nigerian leader, who is on a three-time official visit, continued marketing the country to prospective foreign investors ehen he participated in the High Level Business Breakfast Session with French and Nigerian CEOs including Tony Elumelu of UBA, Wale Tinubu of Oando, Governor Ibikunle Amosun of Ogun State, Governor Abdulaziz Yari Abubakar of Zamfara State, and Governor Abubakar Badaru of Jigawa at MEDEF Headquarters in Paris.

Meanwhile, France has pledged to support Nigeria with equipment and intelligence gathering in its counter-terrorism operations and other forms of extremism in the country’s troubled North-East.

President François Hollande made the pledge at a joint press conference at the Elysee Palace, with his guest, President Buhari, whose three-day working visit is on the invitation of the former.

The French President also said his administration would support the Multinational Joint Task Force (MNJTF), saying that the fight against Boko Haram and Islamic State jihadists is the same battle.

The MNJTF is the almost 9,000-strong force constituted by Nigeria, Chad, Cameroon and Benin to fight the Boko Haram sect.

He warned that Boko Haram had expanded “after declaring its loyalty to IS”, emphasising that the jihadists’ alliance, announced in March, had given the Nigerian terrorist group “a source of material resources”.

“We know Boko Haram is linked to Daesh and so receives help, support from this group,” Hollande said.

“To fight Boko Haram is to fight Daesh, and we can no longer single out terrorism according to regions.

“It is the same terrorism, inspired by the same ideology of death,” the French leader stated.

Mr Hollande said his government was concerned about the increasing spate of insecurity in Nigeria and West Africa and was ready to render support in tackling extremism.

The French President discussion with President Buhari also looked at new strategies of partnership that would enable Nigeria and its neighbouring countries – Cameroon, Chad, Niger and Benin Republic – through the joint action of the MNJTF, fight the insurgency and restore the peace.

He said: “We provide all of the support to the countries in the region which are affected by this cult and in Nigeria; we want to provide support and solidarity.”

Thanking Mr Buhari for his recent actions towards defeating terror, Hollande said France had concluded arrangements to invest 130 million Euros in the development of infrastructure in Nigeria for rebuilding of roads, provision of electricity and water supply.

President Buhari thanked the French government for its interest in assisting Nigeria and expressed readiness of his administration to partner with France.

He said that Nigeria’s next shopping list for support would move to other members of the G7.

The Nigerian President said: “We have to depend on France and the other G7 countries for support to fight piracy.

“Our next shopping list is going to G7 in terms of intelligence and training. Another problem is the problem in the Gulf of Guinea, from Senegal to Angola, that area is endowed with resources like petroleum and other minerals but surrounded by piracy and theft.

“We are going to depend on France and the G7 countries to flush these criminals out of the region.

“More than 67 per cent of our youths and most of them under their youthful age are unemployed. We are finding best way in Agriculture and mining to address this before sophisticated infrastructure and security, are provided.”

•State House Photo shows President Buhari speaking today during one of his official engagements in Paris, France.

Source News Express

Posted 15/09/2015 5:58:02 PM





You may also like...
Nigeria will stop fuel importation, begin export by...

Akwa Ibom marks 100 days of Chibok girls’...

Anxiety as naira crashes to N400 per dollar...

Open letter to President Jonathan, By Tola Adeniyi...

Are we all involved in this circle of...

Obi of Onitsha curses Ngige, APC

N1bn claim: Court dismisses Nigerian Army’s preliminary objection...

Oshiomhole/Obaseki’s rift: APC may lose Edo — Tony...

250 medical personnel for 2016 Christian Pilgrimage to...

Power outage hits Lagos, Ogun, others over gas...

Presidency, BPE wade into NERC, Ibadan Disco controversy...

Enugu REC: 70 parties gang up against APC...


Latest News EFCC nabs Mompha, Instagram celebrity with over N600m cars 300 youths killed in Kaduna gang wars in 8 years: Cleric Mysterious illness that paralyses children identified Many injured, property destroyed as SARS, residents clash in Taraba Seven reported dead in Cross River cult clash FRSC officials beat man to death, bury corpse in shallow grave 2020 Governorship: Crisis of confidence tears Edo APC apart Maina loses 23 properties to FG Villagers flee homes as cultists threaten another attack on Imo community NAF bombers neutralise ISWAP fighters in Borno 250 Nigerian Businesses for Africa Economic Forum in Russia Orji Kalu finally gets judgment date after 12-year trial for alleged theft of Abia money


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (552,680 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (448,062 views) Shameless Genevieve Nnaji exposes breasts in public (395,844 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (331,254 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,625 views) 10 cars more expensive than Jets (266,792 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,436 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,866 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (235,392 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,566 views) Lagos plane crash: Journalist releases victims’ names (198,953 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (196,087 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,506) Business Verdict (85) Columnists (1,131) Complaints & Requests (97) Enterprise & Opportunities (218) Entertainment (693) Features (838) Global Business Monitor (474) ICT Monitor (66) International (4,105) Interview (205) Live Commentary (30) Love Matters (174) Maggie's Blog (456) News (52,969) Opinion (1,402) Pidgin (17) Politics (11,594) Religion (1,112) Sports (2,198) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera