President Bola Tinubu’s recent three-day state visit to France marked a significant achievement in strengthening economic ties between Nigeria and France.
The visit saw the formal inauguration of Zenith Bank’s operations in France and the signing of key agreements aimed at fostering long-term collaboration in critical sectors, including infrastructure, energy, agriculture, and solid minerals.
France is one of Nigeria’s key European trading partners, with French companies investing in sectors such as oil, infrastructure, and telecommunications.
The cultural exchange between the two countries is also notable, with many Nigerians studying in France and both nations actively promoting arts and education.
1) Zenith Bank formally inaugurated its operations in France.
2) UBA Group signed an agreement to commence operations in Paris.
3) Letter of Intent signed between the Nigerian government and the French Development Agency (AFD) on long-term support for Nigeria’s energy access and transition, sustainable agriculture, and food security.
4) MoU signed between the Nigerian government, the Ministry of Solid Minerals Development, and the French government to develop joint projects focused on diversifying and promoting the critical minerals value chain in both countries
5) Nigeria and France committed to enhancing collaboration in infrastructure, healthcare, transportation, the agricultural value chain, renewable energy, and human capital development
“Expanding into France is a natural progression, with Paris serving as our European Union hub, as we continue to bring Africa and the world together, through innovative financial solutions. Paris will join London, New York and Dubai, as a critical component of our unique global network,” Elumelu said
Zenith Bank made significant strides in expanding its operations in Europe during President Tinubu’s state visit to France.
The French market offers Zenith Bank the opportunity to deepen its international expansion, particularly in serving the growing needs of African businesses and investors in Europe.
The bank’s inauguration of its services in France marks a notable step for the Nigerian banking giant, solidifying its footprint in one of the world’s leading financial hubs.
Also on President Tinubu’s state visit to France, a Letter of Intent was signed between Nigeria’s Minister of Finance, Wale Edun, and the French Development Agency (AFD) CEO, Remi Rioux.
The agreement further emphasizes the importance of removing fiscal barriers and ensuring efficient project implementation to enhance mutual trade between the two nations.
The Memorandum of Understanding (MoU) was signed between Nigeria and France to foster collaboration in the solid minerals sector.
The Memorandum of Understanding (MoU) was signed between Nigeria and France to foster collaboration in the solid minerals sector.
Additionally, the partnership aims to remediate over 2,000 abandoned mining pits across Nigeria, leveraging France’s expertise in sustainable mining.
President Bola Tinubu and French President Emmanuel Macron also signed two agreements in Paris focused on critical infrastructure development, including healthcare, transportation, and agricultural value chains, as well as renewable energy and human capital development.