Overseas Affairs Minister Seeks Stronger Nigeria–Brazil Commerce Ties
By Umar Farouk Bala,
Nigeria’s Minister of Overseas Affairs, Ambassador Yusuf Maitama Tuggar, has known as for the revitalization of commerce relations between Nigeria and Brazil.
He urged each nations to leverage their shared historical past, cultural affinity, and financial strengths to foster deeper bilateral ties.
Tuggar made the decision whereas addressing high-profile buyers and enterprise leaders on the Brazil–Nigeria Enterprise Roundtable in Rio de Janeiro.
The discussion board was convened below the auspices of ApexBrasil—Brazil’s funding promotion company—in partnership with the Brazilian Ministry of Overseas Affairs and the Brazilian Improvement Financial institution (BNDES).
In keeping with Tuggar, each nations have immense potential to strengthen their financial engagement, significantly in key sectors resembling power, agriculture, aviation, and digital know-how.
He burdened that Nigeria is dedicated to making a conducive atmosphere for funding by endeavor reforms, de-risking ventures, and facilitating strategic, long-term partnerships.
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“Our nations share a legacy of cooperation. Now’s the time to translate that legacy into tangible financial progress,” the Minister stated.
“Nigeria presents huge alternatives and is able to companion with Brazilian companies prepared to innovate and make investments.”
The roundtable attracted key Brazilian stakeholders together with José Luis Pinho Leite Gordon of BNDES; Raphael Cittadino of ApexBrasil; and Marcelo Salum from Brazil’s Ministry of Overseas Affairs.
Main companies resembling Petrobras and Embraer had been additionally represented.
Talking on behalf of the Brazilian authorities, Marcelo Salum highlighted Brazil’s curiosity in Nigeria’s quickly increasing tech ecosystem, together with its unicorn startups.
He additionally emphasised mutual alternatives in agricultural know-how via initiatives just like the Inexperienced Crucial Challenge and enlargement of sugar and ethanol commerce.
Ambassador Basil Okolo, Chargé d’Affaires on the Nigerian Embassy in Brazil, and Ms. Aisha Rimi, CEO of the Nigerian Funding Promotion Fee (NIPC), additionally participated within the discussion board, with Rimi becoming a member of just about.
The occasion alerts renewed efforts by each nations to deepen financial cooperation, improve personal sector participation, and construct resilient commerce frameworks that profit their populations.
