National

AFD facilitates 4.1bn Euros investments in Nigeria in 15yrs 

The Agence Française de Développement (AFD) Group, a public financial institution that implements the policy defined by the French Government, has facilitated about 4.1 billion Euros investments in Nigeria in 15 years of their presence in Nigeria.

From inception, the AFD Group has continued to assert itself as a major technical and financial partner of Nigeria, investing 3.3 billion euros in over 57 projects, including 800 million euros through its private-sector subsidiary Proparco, Mr. Xavier Muron, AFD’s Country Director in Nigeria indicated in a press statement.

AFD has  concluded plans to celebrate its 15th anniversary of sustainable impacts in Nigeria on June 27th, 2024 in Abuja Nigeria.

To commemorate this milestone, AFD will hold an event on June 27th in Abuja, bringing together senior representatives of the Government of Nigeria, Mr. Jean-François Hasperue, Charge d’Affaires ai., Embassy of France to Nigeria, Mr. Xavier Muron, AFD’s Country Director in Nigeria, and partners from across the country.

In the last 15 years, 23 states have benefited from AFD’s financing which have tangible impacts for Nigerians that 2.2 million people benefitted from permanent access to basic services and resilient infrastructure, one million people benefited from improved access to drinking water, 300 000 jobs have been created or supported, and 500 000 tons of CO² emissions have been saved every year through AFD-funded projects.

Back to top button