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‘Why We’re Building Diverse Cooperation With Nigeria’
France President, Emmanuel Macron, has said that Nigeria was a powerhouse in Africa and that informs why his country was building tight and diverse cooperation with Africa’s most populous nation.
Macron stated this in Paris at the Nigeria international Partnership Forum (NIPF), a high-level event on the sidelines of the Paris Peace Forum.
Reports have it that the one-day event was attended by President MuhammaduBuhari, ministers and business moguls from Nigeria and France.
The event was organised to bring together the Nigerian and French governments, including private sectors in wide-ranging discussions focused on security, regional stability, trade and industrialisation.
The event is also to attract investment to Nigeria, bridge existing infrastructure gaps, spotlight Nigeria’s immense trade and investment opportunities and reset false and distorted narratives about the country.
Macron, who was represented by French Minister of Foreign Trade and Economy, Mr Franck Reister, said his country and Nigeria shared many strategic interests.
“France may seem a distant partner for Nigeria, even when it is surrounded by French-speaking countries with whom France shares a long history and where our companies have a strong foothold.
“However, the reality is actually quite different: because France mainly, is Nigeria’s second financial bilateral partner after China, with around €3billion of loans to the federal government.
“Nigeria is also our first trading partner on the continent and a very strategic one in the oil and gas sector since more than 10per cent of our gas supply comes directly from Nigeria.
“More than 100 French companies are present in Nigeria whereas almost 20 per cent of French Foreign direct investment in sub-Saharan Africa are directed to Nigeria,” he said.
“In 2019, the stock in Nigeria reached the very impressive amount of €9.7billion and would like to stress that we have longstanding and intense cultural, academic and scientific relations,” he said.
He went further than, “Our cultural and cooperation network in Nigeria is quite unique, with 11cultural centres throughout the country, all dedicated to promoting the ties between our two societies.”
Macron described France also as a great supporter of the vibrant cultural creativity of the Nigerian people, as witnessed for instance, during the recent Africa 2020 season.
He noted that his country was committed to the stability of the Sahel region and the safety of maritime trade routes of the Gulf of Guinea.
Macron recalled that a week before now, the Nigerian Navy participated in the exercise Grand African Nemo, organised by the French Navy.
He said the successful operation underscored the great cooperation potential between both navies.
Macron, however, noted that in spite of these remarkable facts and figures, the trade relations between both countries had remained below their true potential.
“I believe that we have much to build together to give bilateral trade a new impetus.
“Nigerian people’s entrepreneurial spirit is also well known, and certainly the most dynamic among their peers in Africa.
“Of course, challenges remain on multiple fronts, and I commend the Nigerian government for tackling those topics head-on,” he said.
Macron said that more than 100 French businesses in Nigeria had created more than 10,000 jobs in Nigeria and were supporting the local communities where they were based,
“French entrepreneurs are constantly setting foot in Nigeria to invest in a wide range of sectors, from energy to digital, from agriculture to environment.
“It is not always easy but their commitment bears fruits. And I encourage all French companies to present today to follow in their footsteps and get inspired by their example,” he said.
Macron assured that both French authorities and companies were committed to supporting the ambition of turning Nigeria into a strong industrial country, less dependent on oil and gas and imports.
He said the committee informed why the French Agency for Development had invested, over the last 10 years, in multiple sectors such as infrastructure, transports, energy, creative industries and sports.
“And this is also why the French Treasury has decided to allocate to your government a loan of more than €50million which will be the first for the Treasury since 1990 and the first-ever French loan in the healthcare sector in Nigeria,” he said
The president assured that the France-Nigeria Business Council would be a catalyst to cementing cooperation and investments.
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Independence Anniversary: Nigeria Is A Failed Grandfather – Monarch
A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.
The monarch stated this in an interview at his palace in Ikuru Town, yesterday.
According to him, Nigeria would have been a developed country to set the pace in the whole of Africa, considering its numerous resources.
“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.
“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.
“If we’re able to harness all the things we have, even America by now would have respected us”, he said.
While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.
King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so far.
He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.
“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.
“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.
The monarch used the opportunity to wish Nigeria happy independence anniversary.
By: Enoch Epelle
News
FG begins payment of N32,000 pension increment to retirees – PTAD
The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.
In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.
Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.
The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.
The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.
In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.
The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.
“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.
“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”
The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.
It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.
The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.
“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.
The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.
Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.
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Nigeria At 65: NOA urges citizens to foster unity, progress
The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the nation as it celebrates 65th independence anniversary.
Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom, gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.
Mkpoutom said it was essential to recognise that the strength of Nigeria lay in its diversity
“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.
“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.
“As Akwa Ibom embarks on another year, it is crucial for all citizens to foster a sense of unity and shared purpose.
“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving way for a brighter future for all.”
The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.
“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.
He urged everyone to contribute positively to the development of a better society.
Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.
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