Nigeria and Brazil signed a landmark $1 billion agreement during Brazil’s Vice President Geraldo Alckmin’s visit to Abuja, marking a significant shift toward modernizing Nigeria’s agriculture and broader economy
Nigerian Vice President Kashim Shettima described the initiative as a key step in moving the country from traditional, subsistence farming to large-scale commercial agriculture . The program will deploy mechanized farm equipment, establish service centers, and offer extensive training across Nigeria
Beyond agriculture, the pact includes major investments in energy encompassing gas production, refining, and renewable projects and enhanced defense cooperation . Shettima emphasized that these reforms align with President Tinubu’s broader vision of building a $1 trillion economy by 2030, citing initiatives to unify exchange rates, eliminate fuel subsidies, and improve the business environment .
Officials from both countries highlighted the agreement as emblematic of a deeper, long-term partnership rooted in shared democratic values and mutual development goals .
With strategies spanning agriculture, energy, defense, education, and finance, Nigeria and Brazil are aiming to translate this ambitious framework into real-world impact and by doing so, secure food systems, attract investments, and boost job creation across sectors.
