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Nigeria and Brazil Partner to Modernize Agriculture with $4.3 Billion in Investment
The Federal Government of Nigeria, in collaboration with Fundação Getulio Vargas (FGV) of Brazil, has taken a significant step toward boosting private sector participation in agriculture by signing a Memorandum of Understanding (MoU).
The agreement focuses on advancing fertiliser production, hybrid seed technology, and agricultural finance, aiming to modernize Nigeria’s agricultural sector.
The MoU was formalized at the headquarters of FGV in Rio de Janeiro, Brazil, during the G20 Leaders’ Summit.
Mr. Temitope Fashedemi, Permanent Secretary of the Ministry of Agriculture and Food Security (FMAFS), represented Nigeria, while Professor Carlos Ivan Simonsen Leal, President of FGV, signed on behalf of the Brazilian institution.
This agreement builds on the existing Green Imperative Project (GIP), a $1.2 billion initiative that serves as one of the largest international agricultural technology transfer projects between the two nations.
Established in 2018, the Green Imperative Project seeks to leverage Brazil’s expertise in tropical agriculture to modernize and transform Nigeria’s farming landscape.
The project is a cooperative effort aimed at enhancing agricultural productivity, improving food security, and promoting sustainable farming practices across Nigeria.
Supported by Deutsche Bank, the initiative is designed to deliver advanced agricultural technologies and facilitate knowledge transfer over the course of a decade.
Speaking at the signing ceremony, Mr. Fashedemi highlighted the strategic importance of the partnership, stating, “This collaboration offers Brazil an opportunity to engage with Nigeria’s vibrant agricultural sector.
Together with FGV, we aim to unlock private sector investments in critical areas essential to achieving food security and economic development.”
The MoU is projected to attract $4.3 billion in private sector investments across fertiliser production, hybrid seed technology, and agricultural financing.
These investments are expected to not only boost Nigeria’s agricultural output but also create jobs, reduce dependence on imported food, and enhance the livelihoods of farmers nationwide.
One of the key features of the Green Imperative Project is its plan to identify and support one agribusiness in each of Nigeria’s 774 local government areas over the next five years.
These agribusinesses will receive technical and financial resources to drive sustainable agricultural practices and economic growth in their respective regions.
By empowering local farmers and entrepreneurs, the project aims to create a ripple effect that will benefit the broader agricultural ecosystem.
Professor Carlos Ivan Simonsen Leal expressed optimism about the partnership, emphasizing FGV’s commitment to fostering innovation and sustainability in agriculture.
He noted that Brazil’s extensive experience in tropical agriculture would serve as a valuable resource for Nigeria as it seeks to modernize its farming practices.
The signing ceremony was attended by senior officials from Nigeria’s presidency, the Ministry of Agriculture and Food Security, and leadership from FGV.
It has been reported that the Ebola virus is rising again and there have been some cases. This has caused fear in many, with talks of different viruses spreading.
Amid this concern, the Federal Airports Authority of Nigeria (FAAN) reassured the people that no trace of Ebola has been confirmed in the country, despite the outbreak in Africa.
FAAN shared that they have been on the lookout for travellers who may have symptoms, and so far there is none.
It has been reported that the Joint Admissions and Matriculation Board, Joint Admissions and Matriculation Board (JAMB), has finally released the withheld results of 279 students.
It can be recalled that some results were held due to investigations of cheating. Some results proved to have traces of malpractice and were cancelled, but the ones without traces have been released and the students can finally move on.
JAMB also shared additional advice for students that might have not seen theirs: “Candidates whose results have not yet been released are advised to check their status by sending UTMERESULT to 55019 or 66019 using the same phone number used for registration to view their released results.”
It was reported that former Nigerian president Goodluck Jonathan has allegedly purchased a presidential candidate form for the 2027 elections.
It can be noted that Jonathan served as Nigeria’s president from 2010 to 2015.
This information was revealed by Sani Useni, a special assistant who made the claim. Many reacted to the news, with some expressing interest in seeing Jonathan return to power after staying relatively quiet politically since his administration ended.
However, Jonathan has not yet addressed the public or officially shared any presidential ambition.
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