Vice President Kashim Shettima says Nigeria and Brazil have inked a $1 billion deal to improve defence, energy, food security, and agriculture.
He said the cooperation will see both nations invest more than $1 billion to supply mechanised farming equipment, training, and service centres throughout Nigeria. He was speaking at the inaugural session of the 2nd Nigeria–Brazil Strategic Dialogue Mechanism (SDM) on Tuesday at the Presidential Villa in Abuja.
The action is a part of a larger effort to change Nigeria’s agriculture, which is primarily a subsistence industry. Nigeria still imports a lot of food to feed its 200 million people, even though the country has a lot of arable land.
“We are taking long-overdue action to draw significant investment into gas production, refining, and renewables, and we are transitioning from subsistence to scale in agriculture.”
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Nigeria’s goal to feed itself and others will be secured with the support of this project, which would also increase production and create jobs. We are committed to delivering on this partnership’s flagship initiative, the Green Imperative,” he stated.
During Brazil’s vice president Geraldo Alckmin’s formal visit to the most populous nation in Africa, the agreements were signed in Abuja.
The vice president clarified that through reforming public finance, education, energy, and agriculture, Nigeria is setting the stage for an economy worth $1 trillion by 2030.
Geraldo Alckmin, the vice president of Brazil, highlighted that the expanding collaboration between Nigeria and Brazil is based on shared values and is aimed at producing tangible, significant outcomes. “Seeing the tremendous strides we’ve made in some areas of cooperation is a great pleasure,” he said.
