Nigeria has signed a $1 billion Memorandum of Understanding (MoU) with Brazil on an agricultural mechanisation initiative geared towards boosting food production in the country.
This deal was sealed when during a visit of the Brazilian Vice President, Mr Geraldo Alckmin, to his Nigerian counterpart, Mr Kashim Shettima, in Abuja on Tuesday.
The visit was to deepen bilateral ties between the two countries. They intend to explore other areas for collaboration like defence and security cooperation, agricultural technology transfer, energy collaboration and transition initiatives, cultural and educational exchange programmes, and trade facilitation and industrial development.
According to a statement, the engagement reaffirmed the enduring ties between Nigeria and Brazil, two diverse democracies linked by shared values, historical connections, and a common ambition for inclusive, people-driven growth.
“We are exploring actionable pathways to deepen cooperation across key sectors: agribusiness and food security, trade and industrialisation, energy transition, healthcare delivery, innovation, defence, and cultural exchange.
“The landmark $1 billion Green Imperative Programme, a bilateral agricultural mechanisation initiative anchored by the Federal Ministry of Agriculture and Food Security in collaboration with Brazil’s Ministry of Foreign Affairs and private sector stakeholders, stands as a flagship of this renewed partnership,” the FG said.
It was stated that the collaboration was designed to transform Nigeria’s agricultural value chain through technology transfer, capacity building, and the establishment of service centres across the country.
“We also look forward to Nigeria’s active participation at COP30 in Belém, Brazil, as both nations work to scale up collaboration on climate action, energy transition, and environmental resilience,” the statement noted.
The Nigerian government noted that visit marks a clear shift from goodwill to execution.
“As our Brazilian friends say, ‘Juntos somos mais fortes’, together we are stronger. Nigeria remains firmly committed to building resilient South–South partnerships anchored in mutual respect, shared prosperity, and tangible results for our citizens,” it added.