Timubu in Brazil, says ‘we’re reforming Nigeria’s economy’

News

President Bola Tinubu in Brazil

President Bola Timubu has assured that Nigeria is already undergoing reforms to reposition the economy to galvanise production.

Also, he said that all bottlenecks hindering the realisation of the agricultural sector’s potential, including livestock production, will be removed to enable food sovereignty and export.

He spoke in a bilateral meeting held at the Copacabana Forte with Brazilian President Luiz Inacio Lula Da Silva and some members of both countries’ cabinets, where he noted that bureaucracy contributes to delays in realising the agricultural sector’s potential.

President Tinubu informed the Brazilian leader and delegation that Nigeria is already undergoing reforms to reposition the economy for global competitiveness, particularly in agriculture, where it already has a competitive advantage.

He stated that all technicalities in agreements between the two countries will be streamlined and fast-tracked in trade, aviation, energy transition, food and agricultural development, mining, and natural resources exploration.

The president stated that Brazil’s research and development services had been exemplary for most countries, with the country rated as one of the highest producers of food and agricultural products.

On livestock farming, Tinubu highlighted the efforts of his administration to boost investments in poultry, cattle rearing, and fisheries, adding that the blue economy also holds potential for long-term partnerships between Nigeria and Brazil.

He said Nigeria is ready for a strong partnership and immediate action to stimulate food production.

The president said the subnationals have a pivotal role in food and animal production in Nigeria by complementing the federal government’s efforts to use agriculture as a significant source of employment and resource mobilisation.

President Lula assured that all agreements with Nigeria would be regularised, and the MOUs would be updated and signed without delay during President Tinubu’s next visit.

Mr Da Silva noted that the lingering bureaucracy between the two countries must be removed to achieve quick results, adding that Brazil’s research and development institutions will collaborate with Nigeria to enhance livestock farming.

The Minister of Agriculture, Abubakar Kyari, stated that President Tinubu had consistently insisted on food security for Nigeria, and the mandate would be actualised through local and global partnerships.

Kyari noted that Nigeria already has a competitive advantage in fertiliser production that could easily be enhanced.

The Minister of Livestock Development, Idi Mukhtar Maiha, highlighted three areas of partnership with Brazil, including health and disease management, sanitary services, and research into genetic materials and new breeds.

The governors of Benue State, Hyacinth Alia; Ogun State, Dapo Abiodun; Niger State, Mohammed Bago; Delta State, Sheriff Oborevwori; and Lagos State, Babajide Sanwo-Olu, attended the bilateral meeting.

Ogun State Governor, Dapo Abiodun, stated that the sub-nationals would support the federal government’s framework to revamp the agricultural sector.

Abiodun noted that both leaders’ decision to include a business forum during President Tinubu’s state visit to the country will inject fresh ideas and resources, enabling quick results in turning around Nigeria’s agricultural sector.

The Minister of Foreign Affairs, Yusuf Tuggar, and the Director General of the National Intelligence Agency (NIA), Mohammed Mohammed, also participated in the bilateral meeting.

Premium Times

Leave a Reply

Your email address will not be published. Required fields are marked *