On Monday August 25, 2025 following a two-hour expanded bilateral meeting, the President Tinubu of Nigeria and President Lula of Brazil witnessed the signing of agreements and MOUs at the Palácio do Planalto in Brasília.
The MOU is to strengthen trade, diplomacy, science, aviation, and finance cooperation.
The Minister of Aviation and Aerospace Development, Festus Keyamo, and Brazil's Minister of Ports and Airports, Silvio Costa Filhos, signed a Bilateral Air Services Agreement to boost trade and people-to-people ties.
Minister of State for Foreign Affairs of Nigeria, Ambassador Bianca Ojukwu and Minister of Foreign Affairs of Brazil, Ambassador Mauro Vieira, signed an agreement on Diplomatic Training Cooperation.
Both ministers also signed an MoU on political consultations to address bilateral, regional, and international issues of common interest.
Nigeria's Minister of Innovation, Science, and Technology, Geoffrey Nnaji and Brazil's Minister of Science, Technology, and Innovation, Luciana Santos, signed an MoU on cooperation in biotechnology, bioeconomy, ocean science, innovation ecosystems, energy, space development, digital transformation, and raw materials research.
Managing Director of Nigeria's Bank of Agriculture, Ayo Sotinrin and Brazil's Minister for the National Bank for Economic and Social Development (BNDES), Aluísio Mercadante, signed an MOU for cooperation on trade and investment promotion, harmonising efforts to expand agricultural financing, investment, and joint projects.
Nigeria is Brazil's 49th largest export destination, with trade totalling nearly US$2.1 billion in 2024. Brazil exported almost US$1 billion to Nigeria, primarily sugar and jams, and imported US$1.1 billion, mostly fertilisers.
Both ministers also signed an MoU on political consultations to address bilateral, regional, and international issues of common interest.
Nigeria's Minister of Innovation, Science, and Technology, Geoffrey Nnaji and Brazil's Minister of Science, Technology, and Innovation, Luciana Santos, signed an MoU on cooperation in biotechnology, bioeconomy, ocean science, innovation ecosystems, energy, space development, digital transformation, and raw materials research.
Managing Director of Nigeria's Bank of Agriculture, Ayo Sotinrin and Brazil's Minister for the National Bank for Economic and Social Development (BNDES), Aluísio Mercadante, signed an MOU for cooperation on trade and investment promotion, harmonising efforts to expand agricultural financing, investment, and joint projects.
Nigeria is Brazil's 49th largest export destination, with trade totalling nearly US$2.1 billion in 2024. Brazil exported almost US$1 billion to Nigeria, primarily sugar and jams, and imported US$1.1 billion, mostly fertilisers.
Good to know
ReplyDeleteGreat news
ReplyDeleteCan’t we produce at least sugar in Nigeria?
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