Brazilia, Aug. 28, 2025 – President Bola Tinubu’s state visit to Brazil could unlock over $30 billion in investments across key sectors of the Nigerian economy.
Gov. Uba Sani of Kaduna State said this on Thursday while speaking to journalists in Brasília, Brazil.
Sani said the Memoranda of Understanding (MoUs) signed during the visit, particularly in agriculture, aviation, and science and technology, could significantly transform Nigeria’s economic landscape.
“We’re looking at more than $30 billion in investments in agriculture, food security, aviation, and airspace collaboration between Nigeria and Brazil,” he said.
The governor also highlighted new agreements in diplomacy, innovation, and renewable energy, calling them crucial sectors previously overlooked but now receiving attention under Tinubu’s leadership.
Sani noted that Brazil’s trade tensions with the U.S. made Nigeria a strategic partner, given its position as Africa’s largest economy.
He credited Tinubu’s reforms, especially in foreign exchange, for restoring investor confidence.
“No investor wants to come in if they can’t repatriate their funds.
“Clearing the seven billion dollars foreign exchange backlog was critical,” he said, applauding the Central Bank of Nigeria’s efforts.
Sani urged Nigerians to support the administration’s economic agenda aimed at long-term growth and national development
