Nigeria and Brazil have sealed a $1 billion partnership aimed at transforming Nigeria’s agriculture, food security, energy, and defence sectors, Vice President Kashim Shettima announced on Tuesday.

The agreement, signed during the opening of the 2nd Nigeria–Brazil Strategic Dialogue Mechanism (SDM) at the Presidential Villa in Abuja, includes the deployment of mechanized farming equipment, training programs, and service centers across Nigeria.

“Brazil and Nigeria are not bound by geography, but by a shared dream. Two large, diverse democracies. Two economies with immense natural and human capital. Two nations with the right to dream and the ability to build,” Shettima said, highlighting the partnership’s ambition to shift Nigeria’s agriculture sector from subsistence farming to large-scale production.

Despite Nigeria’s vast arable land, the country continues to depend heavily on food imports to feed its population exceeding 200 million.

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Shettima added, “We are moving from subsistence to scale in agriculture, and in energy, we are taking long-overdue steps to attract serious investment into gas production, refining, and renewables.”

He stressed that the project aims to create jobs, increase productivity, and support Nigeria’s goal of achieving food self-sufficiency.

“The Green Imperative is a flagship of this partnership, and one we are determined to deliver.”

The agreements were signed during the official visit of Brazil’s Vice President Geraldo Alckmin to Nigeria.

Alckmin emphasized the growing collaboration between the two countries, rooted in shared values and focused on delivering tangible results.

“It’s a great pleasure to see the significant progress we’ve made across multiple areas of cooperation,” he said.

Vice President Shettima also outlined Nigeria’s broader economic vision, aiming to build a trillion-dollar economy by 2030 through reforms in agriculture, energy, education, and public finance.

The $1 billion deal with Brazil is a cornerstone of this plan, signaling a renewed commitment to modernization and sustainable development.

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Image Credit: The Daily Guardian