President Bola Tinubu has told investors in Brazil his economic reforms and polices are yielding dividend and corruption has died since he took over office in 2023.
Tinubu made the statement while speaking on Monday in Brazil, with ministers from both countries and members of the Brazil Business Group. He reaffirmed Nigeria’s readiness to strengthen partnerships in technology transfer, food security, manufacturing, and renewable energy.
The President 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.
Tinubu said there is no reason why Brazil’s oil giant Petrobras should not return to Nigeria.
“It’s getting clearer to the people. We have more money for the economy, and no more corruption.”
“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.”
