Nigeria, Brazil Ink $1bn Deal to Boost Food Security
Nigeria and Brazil have signed a $1 billion Memorandum of Understanding (MoU) aimed at boosting food production in Nigeria through an agricultural mechanisation initiative during Brazil’s Vice president Geraldo Alckmins’s three-day state visit to Nigeria. The vice president Kashim Shettima welcomed the Brazil’s Vice president and his delegation to Nigeria marking a significant step in deepening bilateral ties between the two countries.
The deal is part of a broader effort to deepen bilateral ties between the two countries, with over 30 MoUs expected to be signed across strategic sectors. These include defence and security cooperation, agricultural technology transfer, energy collaboration, cultural and educational exchange programmes, and trade facilitation and industrial development.
President Bola Tinubu noted that the partnership will transform Nigeria’s agricultural value chain through technology transfer, capacity building, and the establishment of service centres across the country. The initiative, dubbed the “Green Imperative Programme,” is a flagship of the renewed partnership between the two countries.
The visit marks a significant step towards strengthening South-South partnerships, with Nigeria committed to building resilient relationships anchored in mutual respect, shared prosperity, and tangible results for its citizens. #Nigeria, Brazil Ink $1bn Deal to Boost Food Security#
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