President Bola Ahmed Tinubu has assured Brazilian investors that Nigeria’s economic reforms are producing real results, declaring that corruption has been eliminated since he assumed office.
Speaking on Monday at a meeting with ministers from both nations and members of the Brazil Business Group, Tinubu reaffirmed Nigeria’s commitment to partnerships in technology transfer, food security, manufacturing, and renewable energy.
He described Nigeria as “a vast, untapped market full of opportunities for Brazilian companies,” noting that the reforms his administration introduced were “initially painful, but today the result is blossoming. It’s getting clearer to the people. We have more money for the economy, and no more corruption.”
Highlighting greater transparency, Tinubu cited the Central Bank of Nigeria as an example: “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 earlier visits to Brazil, the president stressed the need to move from 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,” he said.
According to presidential spokesperson Bayo Onanuga, Tinubu also attended a state luncheon at the Itamaraty Palace, where new bilateral agreements were signed to deepen trade relations, strengthen innovation-driven partnerships, and open new avenues for sustainable growth.
