President Bola Ahmed Tinubu has assured Brazilian investors that Nigeria’s ongoing economic reforms are delivering tangible results, boasting that there is “no more corruption” since he took office.
The President made the statement during a meeting on Monday with ministers from both countries and members of the Brazil Business Group, where he reaffirmed Nigeria’s readiness to strengthen partnerships in technology transfer, food security, manufacturing, and renewable energy.
President Tinubu described Nigeria’s economic landscape as a “vast, untapped market full of opportunities for Brazilian companies.”
He acknowledged that the reforms he’s implemented were “initially painful, but today the result is blossoming.
“It’s getting clearer to the people. We have more money for the economy, and no more corruption.”
To demonstrate the new climate of transparency, he pointed to the Central Bank of Nigeria, stating, “You don’t have to know him before getting the foreign exchange you need. The speculators are out. In our currency market, the door is open for businesses.”
Reflecting on his previous engagements in Brazil, the Nigerian leader emphasised the urgency of moving beyond symbolic ties to concrete economic cooperation.
“We have allowed some problems and activities in the past to deter us from making progress and fulfilling our promises, but today we say that is the end of that.”
According to a statement from presidential spokesperson Mr Bayo Onanuga, President Tinubu attended a state luncheon at the Itamaraty Palace, where discussions centered on deepening economic cooperation, enhancing trade, and fostering innovation-driven partnerships.
With the signing of new bilateral agreements, Nigeria and Brazil are expected to expand their economic collaboration, opening fresh opportunities for sustainable growth and technology exchange.
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