Nigeria and France have signed a 300 hundred million Euro deal aimed at supporting multi-sectoral growth for the African giant.

The agreement on Friday between the two nations hinged on President Bola Tinubu’s visit to Paris where met with his counterpart, Emmanuel Macron.

Boosting food security and infrastructural development were at the heart of the engagement.

Nigeria’s Presidential spokesman Bayo Onanuga stated that the investment deal guarantees the development of critical infrastructure, renewable energy, transportation, agriculture, healthcare and human capital development across Nigeria.

Adding his voice on the sidelines of negotiations, Wale Edun, Nigerian Minister of Finance said the two parties have pledged to streamline trade and investment processes,

Tinubu’s state visit availed two bank executives including Tony Elumelu of the UBA group to expand their operations into France.

In a joint statement, Nigeria and France said they are committed to forging a strategic relationship in project implementation and enhancing mutual trade and cross-border services by removing fiscal barriers while protecting labour rights.