Nigeria Undergoing Silent, Bold Transformation Under Tinubu – Shettima

Vice-President Kashim Shettima stated Nigeria is silently transforming under President Bola Tinubu during the Nigeria–Brazil Business Forum in Abuja. He emphasized the importance of strategic partnerships with Brazil, especially in agriculture and energy. Both nations are committed to enhancing economic cooperation and trade, aiming for substantial growth by learning from each other’s experiences.

Nigeria is currently undergoing significant changes under President Bola Tinubu, according to Vice-President Kashim Shettima. Speaking at the Nigeria–Brazil Business Forum in Abuja, he noted that this transformation is quiet yet bold, focusing on growth through strategic partnerships, particularly with Brazil. He emphasized Brazil’s advancements in areas like agriculture and energy, which can serve as a model for Nigeria’s development.

Shettima mentioned that under Tinubu’s leadership, Nigeria is revitalizing its markets, re-establishing institutions, and sharpening policies. He articulated that the country is in search of partners who respect its ambitions and are ready to collaborate on this journey. “What drives these changes is a seriousness of purpose that goes beyond reform for reform’s sake,” he remarked.

In light of fostering a partnership with Brazil, Shettima reflected on Nigeria’s similar developmental path, highlighting projects like the Special Agro-Industrial Processing Zones designed to enhance agricultural productivity. He also stressed the significance of collaboration, rejecting the notion of donor-recipient relationships, suggesting instead a partnership emphasizing innovation and investment.

On energy, he pointed out Nigeria’s commitment to transitioning towards cleaner energy through strategic use of its gas reserves while aiming for renewable energy. He sought to learn from Brazil’s past experiences in building a sustainable energy economy that benefits job creation and access to rural areas. According to Shettima, the exchange of expertise between both nations could spur substantial development.

The Vice President also praised Brazil’s focus on skills development, which he sees as vital for preparing Nigeria’s youth for future challenges. He welcomed partnerships that encourage training and research, especially in sectors where Brazil excels, thereby enhancing Nigeria’s emerging strengths.

Brazilian Vice President Geraldo Alckmin echoed Shettima’s sentiments, reaffirming Brazil’s dedication to strengthening ties with Nigeria. He described the current moment as one of the most promising in the history of Nigeria-Brazil relations, emphasizing the need for sustainable partnerships that benefit both nations. Alckmin pointed out that despite their long-standing relations, trade volumes remain low relative to their potential.

He highlighted the Green Imperative Initiative, aimed at transferring Brazilian agricultural technology to Nigeria, as a strong example of South-South cooperation. Furthermore, Alckmin proposed improving connectivity between the two nations through potential direct flight routes to facilitate business interactions.

Dr. Jumoke Oduwole, Nigeria’s Minister of Industry, Trade and Investment, spoke of the necessity to reassess the bilateral trade dynamic, expressing concern over decreasing trade volumes from $9 billion a decade ago to just $2 billion now. She stressed that the Nigeria-Brazil corridor holds immense potential and urged for concrete actions to realize these opportunities.

Oduwole emphasized that Nigeria is open for investment across various priority sectors, including agro-industrial value chains and creative industries. She revealed that the Nigerian government is launching a digital portal to improve investor engagement, demonstrating commitment to enhancing the overall business environment.

Princess Zarah Mustapha, the Director-General of the Presidential Enabling Business Environment Council (PEBEC), also underscored the importance of state-level reforms in facilitating investment at sub-national levels. The discussions at the forum reflect Nigeria’s ambitions for growth through international partnerships, particularly with Brazil in achieving mutual economic development.

In conclusion, Nigeria is embarking on a transformative journey under President Tinubu, with a strong focus on strategic alliances, particularly with Brazil. This partnership aims to bolster trade and investment, while Nigeria seeks to learn from Brazil’s advancements in various sectors, especially energy and agriculture. The gathering at the Nigeria-Brazil Business Forum highlights the collaborative potential between the two countries, paving the way for future growth and development. Both nations are eager to improve their bilateral trade and find common ground on shared goals, emphasizing innovative approaches for mutual benefit.

Original Source: punchng.com