President Bola Ahmed Tinubu has assured Brazilian investors that Nigeria’s ongoing economic reforms are already producing results, declaring that his government has stamped out corruption.
The President gave the assurance on Monday during a meeting with ministers from both countries and members of the Brazil Business Group, where he emphasized Nigeria’s readiness to deepen partnerships in technology transfer, food security, manufacturing, and renewable energy.
Describing Nigeria as a “vast, untapped market full of opportunities for Brazilian companies,” Tinubu acknowledged that his reforms 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,” he stated.
Highlighting transparency measures, Tinubu cited operations at the Central Bank of Nigeria (CBN), noting that businesses now have easier access to foreign exchange without favoritism.
Reflecting on his past visits to Brazil, the President said Nigeria is now determined to move from symbolic relations to practical economic collaboration.
In a statement issued by presidential spokesperson Bayo Onanuga, it was revealed that Tinubu also attended a state luncheon at the Itamaraty Palace, where discussions centered on strengthening economic cooperation, boosting trade, and advancing innovation-driven partnerships.
The two countries are expected to sign new bilateral agreements, opening doors for sustainable development and technological exchange.
