Nigeria has taken a bold step in strengthening its economic ties with Brazil by pitching strategic investment opportunities to Brazilian investors, highlighting the country’s vast market potential, demographic advantage, and ongoing economic reforms.
The initiative was part of a high-level Business Roundtable hosted by Citi at its São Paulo headquarters during President Bola Ahmed Tinubu’s state visit.
Leading Nigeria’s economic delegation, Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, assured investors that Nigeria is committed to creating a transparent, investor-friendly environment designed to attract sustainable capital inflows.
Edun emphasized that ongoing reforms under President Tinubu’s Renewed Hope Agenda are structured to stabilize the macroeconomy, encourage private-sector-led growth, and position Nigeria as a prime investment destination on the African continent.
“Our priority is to foster an enabling environment where global investors and Nigerian enterprise can thrive together.
Brazil is a natural partner in this journey,” Edun stated, outlining Nigeria’s economic reform agenda aimed at restoring fiscal sustainability, unlocking private capital, and accelerating inclusive growth.
The roundtable gathered Brazilian corporate leaders, investors, and Citi executives to discuss targeted sectors including infrastructure, energy transition, agribusiness, and technological innovation.
Edun highlighted the potential for partnerships in these sectors to drive transformative economic outcomes, boost job creation, and foster South-South economic cooperation.
Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, and Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, accompanied Edun, underscoring the Nigerian government’s holistic approach to attracting foreign direct investment.
The delegation engaged with Brazilian stakeholders to explore joint ventures, co-investment opportunities, and knowledge transfer, particularly in areas where Brazil’s expertise can complement Nigeria’s growth sectors.
The Business Roundtable also showcased Nigeria’s young and dynamic workforce, strategic location as Africa’s largest economy, and rising technological adoption.
Edun and his team emphasized that Nigeria is not just offering investment opportunities but also a transformational partnership where international investors can play a direct role in shaping the country’s economic future.
According to the Minister, the focus on renewable energy, digital infrastructure, and industrialization provides a roadmap for sustainable development and inclusive growth.
For instance, investments in energy transition and clean technologies are expected to generate substantial returns while advancing Nigeria’s climate action goals.
Similarly, infrastructural projects in ports, rail, and urban development were presented as high-impact areas for Brazilian investors seeking long-term returns.
Dr. Oduwole highlighted Nigeria’s strategic reforms in trade facilitation, customs modernization, and industrial policy, designed to improve ease of doing business and accelerate cross-border investments.
She noted that the government is actively reducing regulatory bottlenecks and fostering public-private partnerships to enhance the competitiveness of Nigerian markets.
The engagement also served as a platform to reassure global stakeholders of Nigeria’s stability and growth potential.
With recent measures such as exchange rate unification, inflation management, and subsidy rationalization, the government seeks to strengthen investor confidence and ensure predictability in investment outcomes.
The delegation’s discussions in São Paulo are expected to pave the way for increased bilateral investment flows, deepen economic cooperation between Nigeria and Brazil, and showcase Africa’s largest economy as a compelling destination for global capital.
Nigeria’s strategic pitch comes at a time when international investors are seeking emerging markets with untapped growth potential and strong demographic dividends.
By presenting a robust case for investment, the country hopes to secure partnerships that not only yield financial returns but also catalyze inclusive growth and sustainable development.