Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Maitama Tuggar, has called for revitalization of Nigeria-Brazil trade relations rooted in shared historical and cultural ties.

Addressing investors and business leaders at a Brazil–Nigeria Business Roundtable on Wednesday in Rio de Janeiro, Brazil, Tuggar said that the renewed economic cooperation should leverage both countries’ comparative advantages, with private enterprise innovation and robust governmental support as critical drivers.

Yusuf highlighted Nigeria’s reforms and the government’s commitment to de-risking investments particularly through insurance mechanisms.

The minister also reaffirmed Nigeria’s readiness for strategic, long-term partnerships.

“Our countries share a legacy of cooperation. Now is the time to translate that legacy into tangible economic progress.

“Nigeria presents vast opportunities across energy, agriculture, aviation, and digital technology, and stands open for business,” Tuggar said,

The event, organised under the auspices of ApexBrasil, Brazil’s leading investment promotion agency, in collaboration with the Ministry of Foreign Affairs of Brazil and the Brazilian Development Bank (BNDES), was a significant step toward deepening Nigeria–Brazil economic ties with both nations reaffirming their commitment to building a resilient, innovative, and inclusive trade and investment partnership.  

GIK/APA