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Nigeria: Presidency Justifies Tinubu's Visit to Brazil, Says It's a Strategic Move for Nation's Economic Future

The visit aims to boost trade and investment, with agreements expected to increase bilateral trade from $1.6 billion to $3.5 billion by 2030 and create over 100,000 direct jobs, officials said.

  • President Bola Ahmed Tinubu began a two-day state visit in Brasília on Monday, August 25, 2025, to hold talks and sign MoUs with President Luiz Inácio Lula da Silva at the Planalto Palace.
  • Building on a 21-year push begun under President Olusegun Obasanjo, the visit aligns with Tinubu's Renewed Hope Agenda to attract investment and expand Nigeria–Brazil economic ties.
  • Officials expect the Bilateral Air Service Agreement to be finalised during the visit, restoring direct flights, while the Green Imperative Partnership will supply 10,000 tractors and 50,000 units of farm equipment assembled in Nigeria.
  • The deals are projected to create at least 100,000 direct jobs and more than five million indirect jobs, boosting agricultural mechanisation and Brazil's role in Nigeria's food security programmes.
  • Officials aim to push bilateral trade above $2 billion, targeting $3.5 billion by 2030, as Petrobras and Embraer explore oil, gas, and aviation opportunities in Nigeria.
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ekohotblog.com broke the news in on Monday, August 25, 2025.
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