By Oni Lanre | Interface Africa
Abuja, Nigeria – June 2025
Towards expanding South-South economic integration, Nigeria and Brazil have charted a new course for bilateral cooperation with the successful convening of the Nigeria–Brazil Business Forum, themed “Roots to Revenue: The Nigeria–Brazil Corridor.”
The high-level event, hosted in Abuja, brought together government officials, business leaders, investors, and diplomats, and was jointly attended by Nigeria’s Vice President, Senator Kashim Shettima, and Brazil’s Vice President, H.E. Geraldo Alckmin. It marked a historic recalibration of relations between Africa’s most populous country and South America’s largest economy.
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A New Era of Bilateral Synergy
In his keynote address, Vice President Shettima underscored the pivotal reforms being implemented under the Renewed Hope Agenda of President Bola Ahmed Tinubu, positioning Nigeria as an emerging global investment destination. He emphasized the government’s commitment to creating a more enabling environment for investors, with policies focused on ease of doing business, infrastructure expansion, and industrial revitalization.
Vice President Alckmin, representing the administration of President Luiz Inácio Lula da Silva, echoed similar ambitions. He highlighted Brazil’s willingness to deepen cooperation with Nigeria in areas that align with both countries’ economic development priorities.
🤝 Key Sectors of Collaboration
The forum outlined a roadmap for deeper bilateral partnerships across strategic sectors, including:
- Agriculture & Food Security: Leveraging Brazil’s expertise in agribusiness to boost Nigeria’s food value chains.
- Infrastructure Development: Exploring joint financing and technology transfer to bridge Nigeria’s infrastructure deficit.
- Renewable Energy: Advancing cooperation in biofuels, solar power, and clean energy innovation.
- Manufacturing: Facilitating industrial clusters and technical capacity building.
- Trade Expansion: Establishing smoother trade corridors through regulatory harmonization and logistics optimization.
📈 Unlocking Mutual Prosperity
Vice President Shettima applauded Brazil’s developmental model, describing it as a relevant blueprint for Nigeria’s inclusive growth aspirations. He called for pragmatic and long-term partnerships that can catalyze job creation, youth empowerment, and sustainable development across both continents.
The forum also provided a platform for private-sector stakeholders to engage in B2B sessions, showcasing investment opportunities in both countries and initiating groundwork for joint ventures and trade deals.
🌐 Future Outlook: From Shared Roots to Shared Wealth
This landmark event is seen as the beginning of a robust economic axis between Nigeria and Brazil — two regional powerhouses with shared histories and complementary development goals.
Outcomes of the forum are expected to:
- Accelerate investment flows and technology transfers.
- Strengthen diplomatic and commercial relations.
- Enhance South-South cooperation as a counterbalance to traditional dependency on Western economic models.
Interface Africa will continue to follow this evolving partnership, capturing the impact on regional trade dynamics and Africa’s broader integration into the global economy.
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