{"id":69026,"date":"2025-06-25T13:40:08","date_gmt":"2025-06-25T13:40:08","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=69026"},"modified":"2025-06-25T13:40:08","modified_gmt":"2025-06-25T13:40:08","slug":"nigeria-brazil-sign-1-billion-deal-to-revolutionize-agriculture-boost-economy-2","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/06\/25\/nigeria-brazil-sign-1-billion-deal-to-revolutionize-agriculture-boost-economy-2\/","title":{"rendered":"Nigeria, Brazil Sign $1 Billion Deal to Revolutionize Agriculture, Boost Economy"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>In a step to revamp its agricultural sector and strengthen bilateral ties, Nigeria has signed a $1 billion agreement with Brazil aimed at modernizing farming practices and addressing long-standing challenges in food security, energy, and industrialization.<\/p>\n<p>The landmark deal was sealed during a high-level meeting in Abuja between Nigeria\u2019s Vice President, Kashim Shettima, and Brazil\u2019s Vice President, Geraldo Alckmin.<\/p>\n<p>The initiative will usher in a new era of large-scale mechanized agriculture in Nigeria, with the establishment of service and training centers to empower farmers and boost productivity.<\/p>\n<p>Announcing the deal, Vice President Shettima said the collaboration signifies Nigeria\u2019s firm commitment to transitioning from subsistence farming to commercial-scale agriculture, capable of driving rural development and economic transformation.<\/p>\n<p>\u201cThis is a strategic partnership to unlock the potential of our agricultural sector and move towards a self-sufficient, industrialized economy,\u201d he said.<\/p>\n<p>The agreement will introduce modern farming technologies designed to improve crop yields, streamline supply chains, and create jobs across rural communities.<\/p>\n<p>Beyond agriculture, the pact includes cooperation in energy development, particularly gas refining and renewable energy; laying the foundation for a more diversified and resilient Nigerian economy.<\/p>\n<p>Vice President Shettima emphasized that the Brazil-Nigeria partnership aligns with the country\u2019s ambition to build a $1 trillion economy by 2030, a goal anchored in reforms across agriculture, energy, public finance, and education.<\/p>\n<p>He added that Nigeria is also pushing for recapitalization of local banks and financial institutions to attract foreign investment and support national development.<\/p>\n<p>\u201cThis agreement comes at a critical time,\u201d Shettima noted, \u201cas we tackle food insecurity, foster innovation, and deepen our engagement with global economic partners.\u201d<\/p>\n<p>Analysts see the deal as a major boost to Nigeria\u2019s economic diversification agenda and a step toward achieving sustainable growth in key sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith &nbsp; In a step to revamp its agricultural sector and strengthen bilateral ties, Nigeria has signed a $1 billion agreement with Brazil aimed at modernizing farming practices and addressing long-standing challenges in food security, energy, and industrialization. The landmark deal was sealed during a high-level meeting in Abuja between Nigeria\u2019s Vice [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":69027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1740,173],"tags":[],"class_list":["post-69026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=69026"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69026\/revisions"}],"predecessor-version":[{"id":69028,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69026\/revisions\/69028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/69027"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=69026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=69026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=69026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}