Governor Uba Sani of Kaduna State has said President Bola Tinubu’s state visit to Brazil could pave the way for more than $30 billion in new investments across strategic sectors of the Nigerian economy.
Speaking in Brasília, the governor disclosed that several Memorandums of Understanding (MoUs) were signed during the visit, covering agriculture, food security, aviation, and science and technology. He described the agreements as game-changing, with the potential to transform Nigeria’s economic outlook.
“We’re looking at more than 30 billion dollars in investments in agriculture, food security, aviation, and airspace collaboration between Nigeria and Brazil,” Sani said.
He also pointed to fresh partnerships in diplomacy, innovation, and renewable energy, noting that these previously underexplored sectors were now receiving greater attention under Tinubu’s administration.
According to Sani, Brazil’s trade tensions with the United States create an opening for Nigeria to position itself as a strategic partner, leveraging its status as Africa’s largest economy. He further credited Tinubu’s economic reforms, particularly in foreign exchange management, for helping to restore investor confidence.
“No investor wants to come in if they can’t repatriate their funds. Clearing the $7 billion forex backlog was critical,” he added, commending the Central Bank of Nigeria’s interventions.
The governor urged Nigerians to rally behind the administration’s economic agenda, stressing that the reforms are designed to drive sustainable growth and long-term national development.
