Kaduna State Governor, Uba Sani, says Brazil is turning to Nigeria as a key economic partner amid its trade disagreements with the United States.
Speaking in Brasília during President Bola Tinubu’s state visit, Sani revealed that the trip could unlock more than $30 billion in investments across agriculture, aviation, and science and technology.
According to him, a series of MoUs signed in Brazil are set to boost food security, airspace collaboration, renewable energy, and innovation; sectors he described as critical to Nigeria’s long-term growth.
“Brazil needs reliable partners at this time, and Nigeria, as Africa’s largest economy, is well positioned. We’re looking at more than $30 billion in investments,” Sani told journalists.
The governor also credited Tinubu’s reforms, particularly the clearance of the $7 billion forex backlog, for restoring investor confidence.
“No investor wants to come in if they can’t repatriate their funds. Clearing the forex backlog was critical,” he said, applauding the Central Bank of Nigeria.
Sani urged Nigerians to support Tinubu’s economic agenda, stressing that the deals struck in Brazil could significantly reshape the nation’s economic future.
