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President Tinubu In France: Strengthening Cooperation and Investment

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Nigeria’s President Bola Tinubu arrived in France on Thursday for a two-day state visit. It is the first official trip of any Nigerian leader to Paris in over twenty years. Tinubu is accompanied by his wife, First Lady Oluremi, and several ministers, aides, and business people.

French President Emmanuel Macron welcomed Tinubu warmly, humorously using Nigerian Pidgin English to greet his Nigerian visitor. “Na big honour for France,” he posted on social media, expressing his delight at welcoming the Nigerian president.

Strategic Engagements

Tinubu’s state visit began with a ceremony at Les Invalides in Paris, accompanied by Macron, the two first ladies, and representatives from the French army.

France rolls out the red carpet for Tinubu at the Elysee Palace, Thursday Nov 28

Later, both leaders attended the Nigerian-France Business Council meeting at the Elysee Palace. Macron’s office noted that Tinubu’s visit is “an opportunity to deepen the already dynamic relationship between France and Nigeria.”

Investments and Cooperation

In 2023, Nigeria became France’s top trading partner in sub-Saharan Africa, with trade exceeding $5 billion. Nigeria’s exports, primarily crude oil, largely drive this trade.

During the visit, President Tinubu said, “Nigeria is open for business,” urging countries to consider Nigeria a serious partner. He called for investments in agriculture, security, education, health, youth engagement, innovation, and energy transition.

Presidents Tinubu and Macron, with First Ladies Remi and Brigitte Macron

Tinubu emphasized shared interests with France in finance, trade, and communication. He highlighted the room for more investments in the agriculture sector, stating, “It is our responsibility to put together a food security program for the private sector to come and invest in the country.

President Macron assured that France will “continue to invest” in Nigeria.

Accompanying Tinubu is a group of entrepreneurs and young business leaders eager to expand their business connections. Kolawole Osinowo, CEO of Baobab Plus, a French-Nigerian renewable energy firm, said the visit will strengthen ties and support sustainable growth.

Tinubu and Macron participate in the Nigerian France Business Council at the Élysée Palace. Both Presidents witnessed the signing of an agreement between UBA Chairman Tony Elumelu and French Finance Minister Antoine Armand

A lot of people in Nigeria don’t have access to electricity, so we’re supporting the government by bridging the gap,” he said.

Osinowo said the need was to go beyond aid and focus on increased investment to stimulate Nigeria’s economy. “This is essential so people don’t have to migrate, which causes different global migration issues,” he added.

Building Stronger Connections

Nigeria is hoping to build stronger connections with France by this visit to facilitate mutual growth and development.

Bilateral and roundtable business meeting at the Palace

On the other hand, the visit comes as France works to enhance its relationships with African nations too. Increasing geopolitical competition from countries like China and Russia has prompted France to engage more with the continent.

France under Macron has focused on renewing ties with Africa since he took office in 2017. Still, it has also suffered significant geopolitical setbacks in the Sahel, where it lost a few friends, such as Niger, Mali, and Burkina Faso.

Members of Pres Tinubu’s entourage (L-R) Mr Dele Alake – Minister of Mines; Gov. Babajide Sanwo-Olu of Lagos State; Mrs. Hannatu Musa Musawa – Minister of Culture & Tourism, and Bosun Tijani – Minister of Communications

The new military governments there have pivoted toward Russia, cutting ties with France. Chad also announced the end of its defense cooperation agreement with France.

In response, France appears to have turned to Nigeria, seeking to strengthen its engagement with the most populous black country.

Mr Tinubu is due back in Abuja later today.

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