By Muhammad Mamman
Nigeria’s Finance Minister Wale Edun has hailed President Bola Ahmed Tinubu’s state visit to Brazil as a “historic milestone,” describing it as a chance to rebuild both economic and cultural ties with South America’s largest economy.
Speaking Wednesday, Edun said the trip marks a “landmark event” that could reset trade and investment flows between the two countries. A decade ago, trade between Nigeria and Brazil stood at roughly $10 billion — but today that figure has plunged to just $2 billion.
“This re-engagement with President Lula’s team provides a historic opportunity to restore trade volumes and expand cooperation to reflect the true potential of our two nations,” Edun told reporters.
He stressed that the renewed partnership would draw on deep cultural connections and shared economic interests, with expectations for tangible gains in trade, investment, and strategic cooperation.
Tinubu’s Brazil visit comes as his administration pushes to attract foreign investment, diversify Nigeria’s economy, and strengthen partnerships with key global players.
