President Bola Ahmed Tinubu has expressed satisfaction with the conclusion of the 10th session of the France-Nigeria Business Council, which took place at the Africa Forward Summit in Nairobi, Kenya. He noted that both nations are now shifting their focus toward executing signed business deals and investment initiatives.
According to a statement released by Bayo Onanuga, the Presidential Adviser on Information and Strategy, on May 12, 2026, bilateral trade between Nigeria and France reached $4.7 billion in 2025. Nigeria continues to be the top destination for French investments in sub-Saharan Africa.
The meeting featured Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, alongside France’s Minister Delegate Nicolas Forissier, as well as prominent business leaders from both countries.
Tinubu praised Aigboje Aig Imoukhuede, Chairman of the France-Nigeria Business Council, for organizing the event, which attracted major private sector representatives from both nations. The statement further acknowledged the presence of business magnates like Aliko Dangote, Abdul Samad Rabiu, Tony Elumelu, and Wale Tinubu, along with executives from TotalEnergies, CMA CGM, Danone, and Accor.
The President specifically welcomed the partnership between Accor and Shoreline Group to establish Nigeria’s first national hotel platform. He emphasized that this is the type of collaboration Nigeria seeks, highlighting that the country is open to investments that foster development, generate capital, and create job opportunities.
Tinubu reaffirmed his administration’s commitment to enhancing the business climate, supporting investors, and continuing economic reforms to attract more foreign capital.