Nigeria, Brasil Strengthen Economic Ties, Unveil Reform Agenda
The Federal Government has taken a major step towards strengthening South-South economic cooperation with Brazil as the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led Nigeria’s delegation to a high-level Business Roundtable in São Paulo.
The meeting, hosted by Citi at its headquarters, was held on the sidelines of President Bola Ahmed Tinubu’s historic State Visit to Brazil.
In his keynote address, Edun outlined the administration’s economic reform agenda aimed at restoring fiscal sustainability, unlocking private capital, and accelerating inclusive growth. He underscored Nigeria’s vast market potential, demographic advantage, and government’s focus on infrastructure, energy transition, and technological innovation as major drivers of long-term prosperity.
“Nigeria’s priority is to foster an enabling environment where global investors and Nigerian enterprises can thrive together. Brazil is a natural partner in this journey,” Edun stated.
Also on the delegation were the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso. The team held engagements with Brazilian investors, corporate leaders, and Citi executives on ways to strengthen bilateral investment flows and enhance economic cooperation between the two nations.
The roundtable, according to officials, reflects Nigeria’s determination to deepen its partnership with Brazil while advancing President Tinubu’s Renewed Hope Agenda for economic transformation.
