Nigeria, France Trade Volume Hits €5.7bn

Jacques Champagnede Labroille, France Ambassador to Nigeria has disclosed that trade volume between Nigeria and his country has soared to €5.7 billion in the last one year.

Labroille who made the disclosure in Lagos at the formal signing of electrical distributorship agreement between Schneider Electric and Mikano, declared that the trade relationship between the two countries was the highest so far in the history of Sub-Saharan Africa.

He said while Nigeria’s import stood at €4billion, France export during the period was €1.7billion.

He promised that his country would continue to engage in exchange of trade and services with Nigeria with a view to contributing to the growth and development of the country.

Also speaking at the occasion, Nicole Bricg, France minister for External Trade, commended the partnership between the two French companies, saying it was evidence that both have something good to offer to promote local content in Nigeria’s power sector.

She said her country sees Nigeria as a worthy trade partner and an industrial hub for French businesses to thrive.

She called on other French companies to explore investment opportunities in Nigeria considering the country’s position as one of the biggest economies in Sub-Saharan Africa.

She added that improved investment in Nigeria by French companies will enhance trade and bilateral relations between Nigeria and France.

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