Home Business Banking & Finance Nigeria courts Brazil for south-south economic ties

Nigeria courts Brazil for south-south economic ties

Wale Edun,Yemi Cardoso and others
Wale Edun,Yemi Cardoso and others

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, led a high-level Nigerian economic delegation to a business roundtable at Citi’s São Paulo headquarters.

The event, held on the sidelines of President Bola Tinubu’s state visit to Brazil, aimed to strengthen economic ties between the two nations.

In his keynote address, Edun outlined President Tinubu’s economic reform agenda, highlighting key goals such as restoring fiscal sustainability, attracting private capital, and fostering inclusive growth.

He underscored Nigeria’s immense potential, citing its large market, demographic dividend, and the government’s focus on infrastructure development, energy transition, and technological innovation as crucial drivers for long-term prosperity.

The Nigerian delegation also included the Minister of Industry, Trade and Investment, Jumoke Oduwole, and the Governor of the Central Bank of Nigeria, Olayemi Cardoso.

They engaged with Brazilian investors, corporate leaders, and Citi executives to boost bilateral investment and strengthen South-South economic cooperation.

Edun emphasised that the government’s primary goal is to create a favourable environment where both global investors and Nigerian businesses can thrive together.

He described Brazil as a “natural partner” in this journey.

The business roundtable served as a clear demonstration of Nigeria’s commitment to deepening its partnership with Brazil.

It is a key component of Tinubu’s “Renewed Hope Agenda” for economic transformation and highlights the country’s proactive approach to attracting foreign investment and expanding its global economic footprint.

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