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    MarketForces Africa » MarketForces News » Nigeria, Brazil to Review BASA Agreement

    Nigeria, Brazil to Review BASA Agreement

    Olu AnisereBy Olu AnisereMay 7, 2025 News No Comments2 Mins Read
    Nigeria, Brazil to Review BASA Agreement
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    Nigeria, Brazil to Review BASA Agreement

    The Federal Republic of Nigeria and the Federative Republic of Brazil are to review their existing Bilateral Air Services Agreement (BASA) to allow for immediate commencement of direct flight operations between the two countries.

    Mr Tunde Moshood, Special Adviser, Media and Communications to the Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this in a statement in Abuja.

    Moshood said the BASA review is part of the engagements of the minister who led a delegation to Brazil on official visit. He said Keyamo would have a special meeting with his Brazilian counterpart, the Minister of Ports and Airports, Sílvio Costa Filho, to review the BASA agreement.

    “This is to allow for the immediate commencement of direct flight operations between the two countries. “This historic initiative aligns with President Bola Tinubu’s Renewed Hope Agenda to boost regional connectivity.

    “It will also expand international trade, foster closer diplomatic and economic ties between Nigeria and South America,’’ he said. Moshood said the minister and the delegation had extensive discussions with Embraer on how they can support the nation’s aviation sector with their vast network of lessors and financial institutions.

    According to him, the goal is to empower Nigerian operators with the tools and partnerships necessary for growth and expansion. “The visit is a high-level engagement with global aircraft manufacturer and lessor, Embraer, at its headquarters in São José dos Campos, São Paulo State.

    “Embraer, a renowned leader in regional aircraft production, is collaborating with the Nigerian delegation to explore avenues for strengthening Nigeria’s aviation ecosystem. “This will be achieved through enhanced access to modern aircraft, favourable leasing options, and a network of credible financiers,’’ he said. #Nigeria, Brazil to Review BASA Agreement#

    Nigerian Treasury Bills Yield Falls Ahead of Midweek Auction

    BASA Agreement BRAZIL Nigeria
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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