Nigeria and Brazil – the largest economies in Africa and South America – have agreed to deepen their economic relationship. Both countries expressed the intention at a meeting between President Bola Ahmed Tinubu and President Luiz Inácio Lula da Silva at the sideline of the ongoing African Union (AU) summit in in Addis Ababa, Ethiopia. President Lula is a guest of the African leaders at the summit. Presidential spokesman Ajuri Ngelale, made known the discussion at the bilateral meeting in a statement yesterday. President Tinubu emphasized the strength of Nigeria’s economic potential and influence, saying the country is witnessing a leap forward, despite some short-term reform pains, as his administration is removing all encumbrances to business. The President further explained that his administration is investing in critical sectors of the economy like healthcare, education, and agriculture to ensure the welfare of all Nigerian citizens and to create sustainable economic prosperity for future generations. “We have a very vibrant population of young Nigerians who are trainable, dependable, and should be empowered. The economic potential of Nigeria is enormous. We are ready to break all the walls standing in our way to progress.

Nation