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Home World World Business

Nigeria deepens South-South economic cooperation with Brazil

by NEW CITIZEN
August 26, 2025
in World Business
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Nigeria deepens South-South economic cooperation with Brazil
L-R: Marcelo Marangon, President of Banco Citibank S.A. (Brazil); Dr. Jumoke Oduwole, the Minister of Trade, Industry and Investment, Nigeria; Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Nigeria; Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria and Mrs. Nneka Enwereji, Managing Director/Chief Executive Officer of Citibank Nigeria Limited and Citi Country Officer for Nigeria and Ghana, pictured at Citi shortly after the Business Roundtable.

L-R: Marcelo Marangon, President of Banco Citibank S.A. (Brazil); Dr. Jumoke Oduwole, the Minister of Trade, Industry and Investment, Nigeria; Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Nigeria; Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria and Mrs. Nneka Enwereji, Managing Director/Chief Executive Officer of Citibank Nigeria Limited and Citi Country Officer for Nigeria and Ghana, pictured at Citi shortly after the Business Roundtable.

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The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today led Nigeria’s economic delegation to a high-level Business Roundtable hosted by Citi at its São Paulo headquarters.

The event took place on the sidelines of President Bola Ahmed Tinubu’s historic state visit to Brazil.

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In his keynote address, the minister set out Tinubu’s economic reform agenda to restore fiscal sustainability, unlock private capital, and fast-track inclusive growth.

He highlighted Nigeria’s vast market potential, demographic dividend, and the government’s commitment to infrastructure, energy transition, and technological innovation as key drivers of long-term prosperity.

The delegation also included the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, and the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso.

Together, they engaged Brazilian corporate, investors, and Citi leadership on strengthening bilateral investment flows and South-South economic cooperation.

Speaking at the roundtable, Edun stressed: “Our priority is to foster an enabling environment where global investors and Nigerian enterprise can thrive together. Brazil is a natural partner in this journey.”

The high-level Business Roundtable hosted by Citi at its São Paulo headquarters in session.

The Business Roundtable highlights Nigeria’s determination to deepen its partnership with Brazil while also advancing President Tinubu’s Renewed Hope Agenda for economic transformation.

Tags: WaleEdun
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