Tinubu told Brazilian investors that his reforms have curbed corruption and opened Nigeria’s economy for stronger bilateral trade.
President Bola Ahmed Tinubu has assured Brazilian investors that Nigeria’s economic reforms are driving growth and eliminating graft, declaring that there is “no more corruption” under his administration. Speaking at a bilateral meeting with ministers and members of the Brazil Business Group on Monday, Tinubu emphasized that his government was committed to strengthening partnerships in technology, manufacturing, renewable energy, and food security.
He described Nigeria as “a vast, untapped market full of opportunities for Brazilian companies,” noting that the reforms introduced were “initially painful, but today the result is blossoming.” Highlighting improved transparency, the President pointed to foreign exchange operations at the Central Bank of Nigeria, stating: “You don’t have to know him before getting the foreign exchange you need. The speculators are out.”
According to presidential spokesperson Bayo Onanuga, Tinubu later attended a state luncheon at the Itamaraty Palace, where both nations explored new bilateral agreements to boost trade, innovation, and sustainable development.