President Bola Tinubu has assured Brazilian investors that Nigeria’s ongoing economic reforms are yielding tangible results, boldly declaring that corruption has been eradicated under his administration.
While speaking on Monday during a meeting with ministers from Nigeria and Brazil, alongside members of the Brazil Business Group, Tinubu reaffirmed Nigeria’s readiness to forge stronger partnerships in key areas such as technology transfer, food security, manufacturing, and renewable energy.
Highlighting Nigeria’s untapped potential, Tinubu described the country as a “vast, untapped market full of opportunities for Brazilian companies.”
He acknowledged that while the reforms initiated during his tenure were initially challenging, they are now producing visible benefits.
“It’s getting clearer to the people. We have more money for the economy, and no more corruption”, he stated confidently.
Tinubu showcased Nigeria’s commitment to transparency by pointing to changes at the Central Bank of Nigeria. He emphasized that access to foreign exchange no longer depends on personal connections, saying: “You don’t have to know him before getting the foreign exchange you need. The speculators are out. In our currency market, the door is open for businesses.”
This shift, he explained, reflects a new era of fairness and openness in Nigeria’s financial systems.
Reflecting on past engagements with Brazil, Tinubu stressed the importance of moving beyond symbolic relations to tangible economic cooperation.
“We have allowed some problems and activities in the past to deter us from making progress and fulfilling our promises, but today we say that is the end of that”, he remarked.
During a state luncheon at the Itamaraty Palace, hosted by Brazilian officials, Tinubu joined discussions on strengthening economic collaboration, enhancing trade, and fostering innovation-driven partnerships.
Presidential spokesperson Bayo Onanuga confirmed that new bilateral agreements were signed during the visit, paving the way for expanded cooperation in sustainable growth and technology exchange.
These developments signal a deepening of ties between Nigeria and Brazil, opening doors to new opportunities for both nations.
