Unveils 240bn euro Africa investment fund
By Ndubuisi Francis in Paris, France
Despite the various challenges bedeviling the country, France has described Nigeria as investors’ unavoidable destination.
French Minister of Finance and Economy, Mr. Michael Sapin, who disclosed this at the weekend, said Nigeria would be a major beneficiary of a 240 billion Euro fund being earmarked by France for investment in Africa as the European nation renews its investment drive on the continent.
Sapin stated that investing in Africa without Nigeria was unthinkable, adding: “if you are not in Nigeria, you are not in Africa”.
“With a huge market and investment potentials, he noted that “no serious investor can ignore Nigeria, given the large population, highly skilled human capital and massive untapped natural resources.”
Sapin said already a contact group had been formed to ensure that French investors took the centre-stage of business activities in Nigeria and African countries.
“Perception about Africa is changing rapidly, especially after over a decade of steady impressive economic growth, even when most regions of the world were experiencing slow growth or even recession.