…. Shettima hails plans
Nigeria and Brazil, on Monday intensified efforts to strengthen bilateral trade, especially the implementation of agreements in agro-trade market access initiatives as well as the operational rollout of the bilateral agriculture and livestock partnership initiatives between both countries.
Bilateral trade between Nigeria and Brazil currently generates approximately $2.1 billion in annual volume, with Nigeria maintaining a trade surplus of around $278 million.
The two nations have recently transitioned from basic trade agreements to the active implementation of landmark agricultural, livestock, and agro-trade initiatives.
Both countries signed a $1 billion agriculture agreement regarded as a landmark cooperation agreement focused on deploying large-scale mechanized farming equipment, establishing rural training hubs, and technology transfer
This is as they also entered into a $2.5 billion bilateral agreement to establish a large-scale, modern ranch and improve livestock genetics in Niger State.
Vice President Kashim Shettima,
who is co-chairman of the Nigeria-Brazil Strategic Dialogue
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