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Nigeria & Brazil Sign $1B Deal to Boost Agriculture

Business 1 day ago
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    Festusur
    1 day ago

    Nigeria and Brazil have sealed a US$1 billion agreement to drive mechanised farming, training, and service centers across the country. The goal is for Nigeria to shift from subsistence agriculture to scalable agribusiness—an essential move in President Tinubu’s economic blueprint toward a US$1 trillion economy by 2030.

    With Brazil providing tools and training, and Nigeria committing to policy reforms, this collaboration could improve food security, increase exports, and generate rural employment. The real test will be how effectively the program is implemented—especially in remote zones often overlooked in past initiatives.

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