Saturday, April 11, 2009

Envoy: France to invest $768 mln on Nigeria's economy

LAGOS, April 9 (Xinhua) -- The French Ambassador to Nigeria Jean Michel Dumont on Wednesday said that his country would invest the sum of 600 million euros (768 million U.S. dollars) to Nigeriain facilitating the nation's economic development, the Lagos-based Punch news*** reported Thursday.

Dumount, who was in northern Nigeria's Niger State on a courtesy visit to the state governor Muazu Babangida Aliyu, said the amount represented half of the 1.2 billion euros (1.5 billion dollars), France had earmarked to invest in West African nations in the next six years.

According to him, the last year's visit of Nigerian President Umar Musa Yar' Adua to his French counterpart, Nicholas Sarkozy, had brought about strategic partnership between the two nations.

"With the present economic crunch, Nigeria, which is largely agrarian, should invest more in agriculture, and our embassy has commenced discussions with relevant authorities in the agricultural sector," he added.

Speaking more on the partnership between France and Nigeria, the ambassador stated that the main focus was in line with the President Yar'Adua's seven-point agenda.

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