The French Development Agency (AFD) has committed over one billion euros in Nigeria, the French Ambassador to Nigeria, His Excellency Denys Gauer, has said.
Speaking in Abuja while receiving a team from the Nigerian National Petroleum Corporation, NNPC, led by the Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, the Ambassador said the financial commitments to Nigeria had been since 2008.
He said the commitments were in support of sustainable growth with specific emphasis on economic diversification like access to power, among others.
Earlier, the NNPC Spokesman, Ndu Ughamadu, informed the Ambassador of the significant scale down in pipeline vandalism which had boosted oil production in the country, adding that investment climate in the country was very conducive to attract visitors.
Ughamadu said the Corporation under the current management led by the Group Managing Director, Dr. Maikanti Baru, was open and transparent for investment.
He said the NNPC, as the state owned oil and gas Corporation, had global operations and called for closer collaboration between the French Government and the Corporation, especially in the area of consular services to enable NNPC top executives and staff meet their global engagements.