French Business Delegation Seeks Partnership with NSE

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Nigerian Stock Exchange (NSE) Logo.

It appears that the visit by President Muhammed Buhari to France last month has started yielding temporary fruits, as some business delegations from Mouvement des entreprises de France (MEDEF), are already thinking of exploring business opportunity in Nigeria.

The delegation numbering 50, was led by the President of MEDEF Mr Pierre Gattaz who paid a courtesy visit to the Nigerian Stock Exchange (NSE) and sound the closing Gong.

Addressing brokers on the floor of the exchange, Mr Gattaz who was in the company of the Chief Executive Officer of the exchange Mr Oscar Onyema and Mr Tony Elumelu Chairman of Heirs Holding, noted that they will be focusing on infrastructure, agriculture power, training among other areas.

In his remark the doyen of the day Mr Sam Ndata called on Mr Gattaz to prevail on more French companies to be listed on the NSE, while he acknowledge the few French companies that are doing well in the country.

It would be recalled that during the visit of President Buhari to France on September 15, 2015, President Francios Holland said that France had concluded arrangements to invest130 million euros in the development of infrastructure in Nigeria for rebuilding of roads, provision of electricity and water supply.

MEDEF is the largest employer federation in France, Established in 1998, it replaced the Conseil national du patronat Fran (CNPF), or the “National Council of the French Employers”, which was founded in 1946. It has more than 750,000 member firms, 90 percent of them being small and medium enterprises (SMEs) with fewer than 50 employees.

MEDEF is engaged in lobbying at local, regional, national, and EU-wide levels. Every year, MEDEF International organises a number of delegations of French business leaders with tangible projects to targeted countries, especially developing countries.

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