French Agency Says It Spend 1bn Euro On Projects In Nigeria | Independent Newspapers Limited
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French Agency Says It Spend 1bn Euro On Projects In Nigeria

Posted: Mar 30, 2016 at 10:10 pm   /   by   /   comments (0)

Country Office of the French Development Agency (Agence Francaise de Developpement), says it has spent about one billion euros to fund various projects in Nigeria since 2008.

A statement issued by Mr Olivier Delefosse, AFD’s Country Director, on Wednesday in Abuja, said the agency’s support for the private sector was one of its priorities in Nigeria.

The agency said it allocated over 310 million U.S. dollars to the urban development sectors in the country between 2010 and 2015.
“Since the opening of the AFD County Office in Abuja, AFD’s group has committed a total funding of about one billion euro.

“The strategy of AFD in Nigeria is in three aspects which include; support to the development of Small and Medium Enterprises (SMEs) and Family Agriculture.
“The others are, scaling up access to power and promoting renewable energy and energy efficiency, and improving urban infrastructure,” it said.
It said the support to SMEs and family farming, following the restructuring and consolidation of the banking sector after the crisis in 2009 had created a favourable environment.