Nigeria’s Finance Minister, Wale Edun, and Brazil’s Vice President, Geraldo Alckmin, presided over a ministerial meeting in Brasília focused on strengthening bilateral economic relations.
Both leaders emphasised the immense potential for partnership between the two countries, particularly in an evolving global economic landscape.
Sunday Dare, Special Adviser, Media and Public Communication to President Bola Tinubu disclosed this in a statement on his X page on Monday.
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Alckmin expressed a belief that the vast opportunities between the two nations must be fully exploited.
He noted that their shared vision for a “new world” extends beyond traditional economic and political ties.
On his part, Edun highlighted the need for greater multilateral action among countries of the “Global South.”
He stated that with a “withdrawal from global funding” and the rise of new tariff regimes, it has become essential for nations like Nigeria and Brazil to increase trade with each other.
Edun pointed to the economic reforms implemented under Tinubu, which he said have brought about macroeconomic stability and created an environment for the private sector to thrive.
He claimed that the reforms have led to a stabilised exchange rate and an increase in foreign reserves.
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This meeting is part of a series of engagements between the two nations, aiming to deepen cooperation across various sectors including trade, agribusiness, security, and culture.
