Tinubu’s Brazil Visit Signals Focused Effort to Build Lasting Economic Integration – Presidency

President Bola Tinubu’s state visit to Brazil underscores Nigeria’s commitment to forging robust economic partnerships, aiming to diversify and bolster its economy through global collaboration. 

The Presidency described the trip as a pivotal step toward strengthening ties with Brazil, Latin America’s largest economy and a key BRICS member. 

Speaking in Brasilia, Special Adviser on Media and Public Communications, Sunday Dare, told reporters the visit could be a transformative moment for bilateral relations. 

According to the News Agency of Nigeria (NAN), Tinubu is set to arrive in Brazil on Monday for a two-day state visit, hosted by President Lula da Silva.

Dare said that the visit has the potentials to accelerate Nigeria’s economic growth through targeted engagements in key sectors of the Nigerian economy.

‎”Yes, this is the third visit of President Tinubu to Brazil, and it is with a justifiable cause.

‎“It reflects a renewed and focused effort to build lasting economic integration between our countries.

“This is a journey that started 21 years ago under President Olusegun Obasanjo and has gained fresh momentum under President Tinubu,” he said

‎Dare noted that both countries shared similarities in demography, economy, and cultural affinity that make the visit timely and important.

‎He highlighted Brazil’s global leadership in mechanized agriculture, agribusiness, and renewable energy as key areas of interest for Nigeria.

‎“Brazil has a cattle herd of 238 million, even more than its human population.

‎“This success in agribusiness offers valuable lessons for us as we expand our livestock industry,” he said.

Dare noted that while previous visits centered around international summits like G20 and BRICS, the latest “marks a shift towards concrete bilateral agreements”.

‎“This third visit is a state visit, and it moves Nigeria from being a dialogue partner to actively cutting the necessary deals that will open up investments and strengthen cooperation.

‎“This visit is critical to opening the economic chapter of our relationship with Brazil.

‎“It’s about transforming historic and cultural ties into practical, mutually beneficial investments that will boost Nigeria’s growth and global standing,” he stressed

‎Dare added that the visit will strengthen cooperation in aviation, livestock, trade, and other strategic sectors.

‎NAN reports that this visit marks the second leg of President Tinubu’s two-nation tour, which began with his participation in the ninth Tokyo International Conference on African Development (TICAD9) in Japan.

NAN