The agreement signed on Tuesday is an initiative of the Nigerian government and involves the delivery of Brazilian machinery to “boost food security,” according to a statement from the South American country’s authorities.
The Vice-President of Brazil and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, who is on an official visit to Nigeria, stated in a communiqué that this is a “historic step” that strengthens South-South cooperation.
Nigerian President Bola Ahmed Tinubu wrote on social media that this agricultural program aims to transform the sector’s value chain through, among other aspects, “technology transfer.”
In addition to agriculture, the two countries signed agreements to expand cooperation on military equipment and a memorandum to combat drug trafficking and organized crime, according to the Brazilian government.
On the occasion, Alckmin reiterated the invitation for Nigerian authorities to attend the upcoming United Nations Climate Change Conference (COP30), to be held in November in the city of Belém.
The bilateral meeting took place within the framework of the Brazil-Nigeria Strategic Dialogue Mechanism, the first meeting in 12 years between the two countries, and will be followed by a business forum today.
Brazil exported 978 million dollars (841 million euros) in goods to the African nation in 2024, while Nigeria shipped 1.1 billion dollars (946 million euros) in goods to the Brazilian market.
