President Bola Tinubu has assured Brazilian investors that Nigeria’s current economic reforms are yielding positive outcomes, proudly stating that there is “no more corruption” since he assumed office.
In a statement released on Tuesday by presidential spokesperson Mr. Bayo Onanuga, it was noted that President Tinubu made these remarks during a meeting on Monday with ministers from both nations and members of the Brazil Business Group.
He reiterated Nigeria’s commitment to enhancing partnerships in technology transfer, food security, manufacturing, and renewable energy.
President Tinubu characterized Nigeria’s economy as a “vast, untapped market brimming with opportunities for Brazilian businesses.”
He acknowledged that the reforms he has introduced were “initially painful, but the results are now flourishing.
“It is becoming clearer to the public. We have more funds for the economy, and corruption is no longer an issue.”
To illustrate the new atmosphere of transparency, he referenced the Central Bank of Nigeria, saying, “you don’t need to have personal connections to obtain the foreign exchange you require. Speculators are out. Our currency market is open for business.”
Read also:
- Tinubu’s reforms will transform Nigeria – Vice President Shettima assures business leaders
- Ex-NSIPA boss denies N44.8bn fraud allegation, threatens legal action
- Ondo Police arrest over 200 suspected criminals in two months, secure 35 convictions
Reflecting on his past interactions in Brazil, the Nigerian leader stressed the importance of transitioning from mere symbolic relationships to tangible economic collaboration.
“We have allowed certain issues and activities in the past to hinder our progress and prevent us from keeping our commitments, but today we declare that this is over.”
According to the statement from Mr. Onanuga, President Tinubu participated in a state luncheon at the Itamaraty Palace, where the focus was on strengthening economic cooperation, boosting trade, and promoting innovation-driven partnerships.
With the signing of new bilateral agreements, Nigeria and Brazil are anticipated to enhance their economic collaboration, creating new opportunities for sustainable growth and technology exchange.
