News

Tinubu’s Brazil Visit Strategic, Set to Boost Nigeria’s Economy

The Presidency has described President Bola Tinubu’s upcoming state visit to Brazil as “strategic” and part of a broader effort to diversify and strengthen Nigeria’s economy through global partnerships.

Mr. Sunday Dare, Special Adviser to the President on Media and Public Communications, told newsmen in Brasilia that the visit could be a game-changer, deepening ties with Latin America’s largest economy and a major BRICS member.

President Tinubu is expected to arrive in Brazil on Monday for a two-day state visit at the invitation of President Luiz Inácio Lula da Silva, the News Agency of Nigeria (NAN) reports.

Dare said the trip has the potential to accelerate Nigeria’s economic growth through targeted engagements in key sectors.

“Yes, this is the third visit of President Tinubu to Brazil, and it is with a justifiable cause. It reflects a renewed and focused effort to build lasting economic integration between our countries. This is a journey that started 21 years ago under President Olusegun Obasanjo and has gained fresh momentum under President Tinubu,” he explained.

He noted that Nigeria and Brazil share similarities in demography, economy, and cultural affinity, making the visit timely and important. Highlighting Brazil’s global leadership in mechanised agriculture, agribusiness, and renewable energy, Dare said the visit would provide valuable lessons for Nigeria.

“Brazil has a cattle herd of 238 million, even more than its human population. This success in agribusiness offers valuable lessons as we expand our livestock industry,” he added.

Dare pointed out that while previous visits focused on international summits such as G20 and BRICS, the latest marks a shift toward concrete bilateral agreements.

“This third visit is a state visit, moving Nigeria from being a dialogue partner to actively cutting deals that will open up investments and strengthen cooperation. It’s about transforming historic and cultural ties into practical, mutually beneficial investments that will boost Nigeria’s growth and global standing,” he stressed.

He added that the visit will enhance cooperation in aviation, livestock, trade, and other strategic sectors.

NAN reports that this visit is the second leg of President Tinubu’s two-nation tour, which began with his participation in the ninth Tokyo International Conference on African Development (TICAD9) in Japan.

 

NAN

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button