To strengthen Nigeria’s economic diplomacy and attract foreign direct investment, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led a high-level engagement with the Brazilian business community during the Ogun State Investment Forum in Rio de Janeiro, Brazil.
The forum, held on the sidelines of the 17th BRICS Summit, marked a pivotal moment in showcasing Nigeria’s investment readiness — with Ogun State positioned as a key entry point for investors seeking high-growth opportunities in Africa’s largest economy.
Addressing a cross-section of Brazilian business leaders, Minister Edun reaffirmed the Federal Government’s unwavering commitment to economic reforms and a private sector–driven growth model.
“Nigeria is open for business,” Edun declared. “We are laying a solid foundation of macroeconomic stability and undertaking reforms that create the right conditions for sustainable investment. Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, we are committed to accelerating public-private partnerships and fostering a transparent, investor-friendly environment.” The Ogun State Investment Forum spotlighted the state’s comparative advantages in critical sectors such as energy, agribusiness, manufacturing, technology, and infrastructure.
The state’s proximity to Lagos — Nigeria’s commercial hub — combined with its pro-business policies, robust infrastructure plans, and youthful workforce, positions it as a strategic gateway for long-term investment.
The initiative is part of a broader effort by the Federal Government to elevate subnational entities like Ogun State in Nigeria’s international investment narrative — enabling states to attract capital that drives inclusive development across the federation.
Beyond promoting investment prospects, the forum also served to deepen Nigeria-Brazil bilateral economic ties. Brazil, as one of the largest economies in the Global South and a key member of BRICS, presents significant opportunities for trade, technology exchange, and industrial partnerships with Nigeria.
The presence of the Nigerian delegation at the 17th BRICS Summit — coupled with the investment outreach to Brazilian firms — underscores Nigeria’s ambition to position itself as a central player in emerging global economic blocs.
As Nigeria strengthens its diplomatic and commercial relationships with strategic partners like Brazil, the pathway to sustainable economic growth is being reinforced, one built on investor confidence, policy credibility, and a vision for shared prosperity.