FG Secures €300 Million Development Partnership With France
The Federal Government of Nigeria (FG) has secured a 300 million Euro development partnership with France, an official statement revealed.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led the Federal Government delegates in signing two transformative agreements with the French Government and its development agency, AFD (Agence Française de Développement).
These agreements, collectively valued at over €300 million, are set to strengthen key sectors of Nigeria’s economy and drive sustainable development, according to an official statement.
According to the statement, the Letter of Intent, co-signed by Mr. Edun and France’s Minister of Economy, Finance, and Industry, Mr. Antoine Armand, underscores a shared commitment to strategic investments in Healthcare, Transportation, Agricultural Value Chains, Renewable Energy and Human Capital Development.
Speaking at the signing ceremony, Edun said, “This partnership goes beyond financial support. It is about building robust, sustainable systems that foster development and empower Nigerians. It reflects the confidence of international partners in the progress of Nigeria’s economic reforms.”
The Declaration of Intent signed with AFD marks a pivotal step in Nigeria’s economic diplomacy. This agreement guarantees AFD’s continued commitment to financing sustainable projects that align with President Tinubu’s Renewed Hope Agenda.
It prioritises urban infrastructure, transportation networks, and education, with a focus on STEM, agriculture, food security, and healthcare systems. Additionally, AFD pledged support for Nigeria’s energy transition goals, agro-logistics hubs, and MSME financing, all aimed at fostering job creation and driving growth in high-impact sectors.
With these agreements, Nigeria and France reaffirm their commitment to forging strong bilateral ties and investing in a future of shared prosperity. #FG Secures €300 Million Development Partnership With France
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