Governor Uba Sani of Kaduna State says President Bola Tinubu’s state visit to Brazil has the potential to unlock more than $30 billion in investments across key sectors of Nigeria’s economy.
Speaking to journalists in Brasília, Sani said Memorandums of Understanding (MoUs) signed during the trip — particularly in agriculture, aviation, and science and technology — could significantly reshape the country’s economic landscape.
“We’re looking at more than $30 billion in investments in agriculture, food security, aviation, and airspace collaboration between Nigeria and Brazil,” he said.
The governor also pointed to agreements in diplomacy, innovation, and renewable energy, describing them as crucial areas previously neglected but now receiving priority under Tinubu’s administration.
Sani noted that Nigeria’s strategic importance had grown amid Brazil’s trade tensions with the United States, stressing that Tinubu’s reforms, especially in foreign exchange, were restoring investor confidence.
“No investor wants to come in if they can’t repatriate their funds. Clearing the $7 billion forex backlog was critical,” he said, commending the Central Bank of Nigeria for its role.
He urged Nigerians to support the government’s economic agenda, which he said was designed for long-term growth and stability.
