Governor Uba Sani of Kaduna State says President Bola Tinubu’s official visit to Brazil has the potential to attract over $30 billion in investments across key sectors of the Nigerian economy.
Speaking with journalists in Brasília, Sani revealed that several Memorandums of Understanding (MoUs) were signed during the visit, focusing on agriculture, aviation, and science and technology. “We’re looking at more than $30 billion in investments spanning agriculture, food security, and airspace collaboration between Nigeria and Brazil,” he stated.
He also emphasized new agreements in diplomacy, innovation, and renewable energy—sectors he said had been long neglected but are now gaining traction under Tinubu’s leadership.
Sani noted that ongoing trade tensions between Brazil and the United States position Nigeria as a strategic partner, given its status as Africa’s largest economy.
He credited Tinubu’s economic reforms, particularly efforts to stabilize the foreign exchange market, for restoring investor confidence. “No investor will commit funds if they can’t repatriate their profits. Clearing the $7 billion forex backlog was essential,” he said, commending the Central Bank of Nigeria.
Sani concluded by urging Nigerians to rally behind the administration’s economic agenda, which he described as vital for long-term growth and national development.
