Nigerian government secures €300m development finance deal with France

The Nigerian government has announced that it has secured a €300 million worth of development financing partnership with the French government.

Nigeria’s Ministry of Finance disclosed in a statement on Friday through its official X account.

According to the statement, the Minister of Finance, Wale Edun, led the Nigerian government to the partnership with the French government.

The ministry noted that the partnership will strengthen key sectors of Nigeria’s economy and drive sustainable development, including healthcare, transportation, agricultural value chains, and renewable energy.

“The Letter of Intent [was] co-signed by Mr. Edun and France’s Minister of Economy, Finance, and Industry, Mr. Antoine Armand.”

In Edun’s remarks, he said: “This partnership goes beyond financial support. It is about building robust, sustainable systems that foster development and empower Nigerians. It reflects the confidence of international partners in the progress of Nigeria’s economic reforms.”

DAILY POST reported on Wednesday that President Bola Ahmed Tinubu and his wife, Remi, are in France for an official state visit.

Nigerian government secures €300m development finance deal with France