By Olasunkanmi Akoni
Federal Republic of France has declared its decision to invest $250 million in the Nigerian economy in the next one year with a focus on banking industry, water, transport and housing.
However, it said it is ready to commit $100 million to enhance an efficient transportation in Lagos State.
The Countryâ€™s Director, French Development Agency (FDA), Luc Bonnamour, revealed this yesterday when he paid a courtesy call on Governor Babatunde Fashola of Lagos StateÂ at the State House, Alausa, Ikeja.
According to him, the visit was to explore â€œpriority areasâ€ in Lagos State that would facilitate â€œrenewed partnership between France and Nigeria particularly in the area of support for development.â€
Leader of the French delegation, Senator Jacques Legendre saidÂ France was ready to partner Lagos to develop areas such as â€œwater and sanitation, transport and housing.â€
Fashola, in his response said: â€œAfrica holds the key to solving the world problem,â€ after delving into history on the gory tales of the painful experience of slave trade era.
â€œIn this century, the role that Africa will play is that of a partner in providing support for the whole world,â€ he said.
He expressed the support of the state to the delegation, describing Lagos and Nigeria as â€œan emerging marketâ€ having what it takes for a good return on investment.