President Bola Ahmed Tinubu has declared that corruption no longer thrives in Nigeria since he assumed office.
He made this bold statement while addressing Brazilian investors in Abuja on Monday, August 25, 2025.
Tinubu told members of the Brazil Business Group and ministers from both nations that his economic reforms are working.
According to him, the painful policies introduced months ago are now yielding results.
He said Nigeria has “more money for the economy” and insisted that corrupt practices have been cut off.
The President used the Central Bank of Nigeria as an example of this new transparency.
He stressed that businesses can now access foreign exchange without knowing anyone in authority.
“The speculators are out,” he said. “The door is open for businesses.”
Tinubu further described Nigeria’s economy as a vast, untapped market full of opportunities for Brazilian companies.
He encouraged investors to explore sectors like food security, manufacturing, renewable energy, and technology transfer.
He also reflected on previous challenges that slowed down Nigeria-Brazil relations.
However, he assured that those days were gone, saying, “We have allowed some problems in the past to deter us, but today we say that is the end.”
A statement from presidential spokesperson Bayo Onanuga confirmed that Tinubu attended a state luncheon at the Itamaraty Palace.
Discussions at the event focused on trade, innovation, and stronger bilateral ties.
The visit produced new bilateral agreements between Nigeria and Brazil.
These deals are expected to boost trade, deepen cooperation, and drive sustainable growth. Both nations also agreed to focus on technology exchange to strengthen their economies.
With this renewed push, Tinubu believes Nigeria is ready to become a stronger investment hub for Brazil and the global business community.