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Nigeria Denies Hidden Motives in €300 Million Investment Deal with France

Nigeria Denies Hidden Motives in €300 Million Investment Deal with France

The Federal Government of Nigeria has unequivocally denied allegations of ulterior motives in its recent investment agreements worth over €300 million with France. This clarification comes amidst comments from Niger Republic’s military leader, Abdourahamane Tchiani, accusing Nigeria of fostering terrorism through France. The claims were described as baseless and misleading by Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar.

Context of the Agreements

President Bola Ahmed Tinubu’s visit to Paris marked a significant milestone in Nigeria-France relations. The agreements, which span critical sectors such as infrastructure development, healthcare, transportation, agriculture, renewable energy, and human capital development, are intended solely for the economic advancement of both nations. Nigerian financial giants, Zenith Bank and United Bank for Africa (UBA), also expanded their operations into France, signaling growing bilateral ties.

Alkasim Abdulkadir emphasized that these agreements are not tied to any military collaborations or the establishment of a French military post in Nigeria. “The funds are strictly for developmental purposes,” Abdulkadir stated, debunking any narratives suggesting otherwise.

Addressing Allegations from Niger Republic

The Nigerian government has refuted claims by General Tchiani that it sponsors terrorism through its association with France. These assertions, according to Abdulkadir, are not only false but also a figment of the imagination.

Strengthening Regional Cooperation

Nigeria remains a pivotal player in fostering peace and stability in the West African subregion. Its role in leading the Multinational Joint Task Force (MNJTF) has been instrumental in combating terrorism and ensuring security. A statement from the Economic Community of West African States (ECOWAS) further underscored Nigeria’s magnanimity and commitment to regional peace.

ECOWAS’ statement read: “For years, Nigeria has supported peace and security in several countries within and beyond the West African subregion. The recent successes recorded by the MNJTF, led by Nigeria, demonstrate the country’s dedication to regional peace.”

Bilateral Relations with France

Nigeria’s agreements with France are part of its broader strategy to engage globally for mutual economic benefits. Abdulkadir noted that Nigeria has established similar partnerships with countries such as the USA, China, Japan, and Russia.

“Bilateral economic relations and mutual support are standard global practices,” Abdulkadir stated, dismissing suggestions of any covert agendas.

ECOWAS’ Stance on Regional Developments

These clarifications come against the backdrop of ECOWAS’ ongoing efforts to address the withdrawal of Burkina Faso, Mali, and Niger from the regional body. The Authority of Heads of State and Government has given these countries until July 2025 to reconsider their decisions, with the transition period ending on January 29, 2025.

Dr. Omar Touray, President of the ECOWAS Commission, affirmed the organization’s commitment to maintaining regional unity and cooperation. “We acknowledge the notifications and remain hopeful for reconciliation,” he stated.

What This Means for Nigeria-France Relations

The agreements with France represent a forward-looking approach to Nigeria’s economic growth and international partnerships. Abdulkadir reiterated that these initiatives are guided by mutual respect and non-interference in internal affairs.

Final Note

Nigeria’s collaboration with France signifies a commitment to fostering economic prosperity without compromising its sovereignty or engaging in covert alliances. As Abdulkadir aptly put it, “We reiterate that there is no ulterior undertone in Nigeria’s relationship with France.”

For more insights, visit the original article on Nairametrics.

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