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EN
Nigeria, Brazil sign $1B deal to scale up farming and energy
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The Cattle Site
Both countries aim to "deploy over $1 billion to deliver mechanised farming equipment, training, and service centres across Nigeria," Shettima said in a statement posted on X.
Much farming in Nigeria is subsistence and land is owned by families or individuals which makes large-scale acquisition problematic.
"We are moving from subsistence to scale in agriculture, and in energy, we are taking long-overdue steps to attract serious investment into gas production, refining, and renewables," Shettima added.
The agreements were signed in Abuja during a visit by Brazil's vice president Geraldo Alckmin to Africa's most populous nation.
Nigeria is targeting a $1 trillion economy by 2030, with reforms to agriculture, energy, education, and public finance.
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