Spear News
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

    Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

    Chinese Companies to Control Warri, Port Harcourt Refineries — NNPC

    Chinese Companies to Control Warri, Port Harcourt Refineries — NNPC

    Several Casualties as Vehicles Collide on Third Mainland Bridge

    Several Casualties as Vehicles Collide on Third Mainland Bridge

    Jim Ovia Quits as Zenith Bank Chairman

    Jim Ovia Quits as Zenith Bank Chairman

    Heavy Rain Destroys 70 Houses in Jigawa

    Flood Submerges Building, Kills Toddler In Niger

    Navy Seizes Militant Boats, Engines in Cross River Crackdown

    Navy Seizes Militant Boats, Engines in Cross River Crackdown

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    How AI Can Transform Nigeria’s Economy – Don

    How AI Can Transform Nigeria’s Economy – Don

    Brain Implant Turns Thoughts into Speech in Near Real-time

    Brain Implant Turns Thoughts into Speech in Near Real-time

    AI Startup Perplexity Confirms Interest to Buy TikTok

    AI Startup Perplexity Confirms Interest to Buy TikTok

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Arsenal Pick Advantage as Man City Held in Six-Goal Everton Thriller

    Arsenal Pick Advantage as Man City Held in Six-Goal Everton Thriller

    Awoniyi’s Brace Helps Forest Beat Woeful Chelsea, Boost Survival Bid

    Awoniyi’s Brace Helps Forest Beat Woeful Chelsea, Boost Survival Bid

    Seun Kuti Vows Lifelong Grudge Against Wizkid

    Seun Kuti Vows Lifelong Grudge Against Wizkid

    I Gave Up Everything”: Funke Akindele Opens Up on the Cost of Building Jenifa

    Funke Akindele Opens Up: The Real Reason I Stopped Going to Church

    Man Utd Edge Liverpool, Secure Champions League Place

    Man Utd Edge Liverpool, Secure Champions League Place

    Barcelona Beat Bayern to Reach Women’s Champions League Final

    Barcelona Beat Bayern to Reach Women’s Champions League Final

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    Omojuwa and Wife Welcome First Child

    Omojuwa and Wife Welcome First Child

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    Raimi Crowned Miss World Nigeria 2025

    Raimi Crowned Miss World Nigeria 2025

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Why I Date Younger Men – Amber Rose

    Why I Date Younger Men – Amber Rose

    Scientists Trace Origin of Water

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Contact Us
  • About Us
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

    Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

    Chinese Companies to Control Warri, Port Harcourt Refineries — NNPC

    Chinese Companies to Control Warri, Port Harcourt Refineries — NNPC

    Several Casualties as Vehicles Collide on Third Mainland Bridge

    Several Casualties as Vehicles Collide on Third Mainland Bridge

    Jim Ovia Quits as Zenith Bank Chairman

    Jim Ovia Quits as Zenith Bank Chairman

    Heavy Rain Destroys 70 Houses in Jigawa

    Flood Submerges Building, Kills Toddler In Niger

    Navy Seizes Militant Boats, Engines in Cross River Crackdown

    Navy Seizes Militant Boats, Engines in Cross River Crackdown

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    How AI Can Transform Nigeria’s Economy – Don

    How AI Can Transform Nigeria’s Economy – Don

    Brain Implant Turns Thoughts into Speech in Near Real-time

    Brain Implant Turns Thoughts into Speech in Near Real-time

    AI Startup Perplexity Confirms Interest to Buy TikTok

    AI Startup Perplexity Confirms Interest to Buy TikTok

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Arsenal Pick Advantage as Man City Held in Six-Goal Everton Thriller

    Arsenal Pick Advantage as Man City Held in Six-Goal Everton Thriller

    Awoniyi’s Brace Helps Forest Beat Woeful Chelsea, Boost Survival Bid

    Awoniyi’s Brace Helps Forest Beat Woeful Chelsea, Boost Survival Bid

    Seun Kuti Vows Lifelong Grudge Against Wizkid

    Seun Kuti Vows Lifelong Grudge Against Wizkid

    I Gave Up Everything”: Funke Akindele Opens Up on the Cost of Building Jenifa

    Funke Akindele Opens Up: The Real Reason I Stopped Going to Church

    Man Utd Edge Liverpool, Secure Champions League Place

    Man Utd Edge Liverpool, Secure Champions League Place

    Barcelona Beat Bayern to Reach Women’s Champions League Final

    Barcelona Beat Bayern to Reach Women’s Champions League Final

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    Omojuwa and Wife Welcome First Child

    Omojuwa and Wife Welcome First Child

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    Raimi Crowned Miss World Nigeria 2025

    Raimi Crowned Miss World Nigeria 2025

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Why I Date Younger Men – Amber Rose

    Why I Date Younger Men – Amber Rose

    Scientists Trace Origin of Water

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Contact Us
  • About Us
  • Privacy Policy
No Result
View All Result
Spear News
No Result
View All Result
Try out Batiwifi today Try out Batiwifi today Try out Batiwifi today
ADVERTISEMENT
Home News Business

Nigeria Secures $8 Billion Agribusiness Investment from Brazil

Nathaniel irobi by Nathaniel irobi
March 18, 2025
in Business
Nigeria Secures $8 Billion Agribusiness Investment from Brazil

Pic 17 From left. Cuban Ambassador to Nigeria, Miriam Morales Palmero; Cuban Foreign Affairs Minister, Bruno Rodriguez Partilla and Vice President Kashim Shettima during a meeting at the Presidential Villa in Abuja on Monday (17/3/25) 0167/MON/MARCH/17/2025/Sumaila Ibrahim/ICE/NAN

Share on FacebookShare on Twitter

By Funke Ewabumi, Abuja

The Nigeria government and it Brazilian counterpart on Monday
finalized the commercial phase of the $1.1 billion Green Imperative Project (GIP), aimed at increasing agricultural productivity and encouraging private-sector investment in Nigeria.

According to officials from the Presidency, the memorandum of understanding (MoU) is a key step toward ensuring food security in the country.

The GIP, recognised as the largest agricultural initiative in Africa, focuses on promoting sustainable, low-carbon farming practices. It seeks to create the necessary conditions to enhance food production in Nigeria in an efficient and competitive manner.

Related ArticlesPosts

FG to Launch National Agribusiness Policy mechanism to Stabilise Food Prices

The MoU for the $1.1 billion first phase was signed in 2018, while the $4.3 billion second phase and the $2.5 billion JBS projects were agreed upon during President Bola Tinubu’s visit to Brazil last year.

During the signing ceremony at the Presidential Villa in Abuja, Vice President Kashim Shettima stressed that the commercial phase of the GIP’s first phase aligns with the administration’s ongoing efforts to strengthen food security. He explained that the project would capitalize on strategic opportunities to drive economic growth and boost investor confidence in the country.

“As this administration addresses the food security challenges we are facing and dovetails the eight-point agenda of President Bola Ahmed Tinubu, we must synergise and use existing initiatives such as the GIP for the purpose of policy continuity and for leveraging strategic opportunities to drive our economic growth and enhance investor confidence,” Shettima said.

Senator Shettima noted that the GIP aligns with all the policies and programmes of the Tinubu administration and will link small-scale farmers with the entire agricultural value chain in the country.

“We have been battling with low agricultural productivity for decades, and as I have always said, entrepreneurial capitalism is embedded in the very psyche of the average Nigerian, but what our people are lacking is the wherewithal to be placed on the first ladder of development.

“This GIP is a wonderful opportunity because it seamlessly aligns with all the policies and programmes of this government. It is a private-sector-driven initiative that targets small-scale farmers and links them with all agricultural value chains.

“Today, to me, is a high point of our leadership in this country. Yes, we have started seven years behind, but the journey of a thousand miles begins with a step. The year 2025, as rightly captured by His Excellency, the Brazilian Ambassador to Nigeria, is a milestone in our journey towards food security and the diversification of our nation’s economy,” he further noted.

Mr Garcete, representative of the Brazilian government, thanked President Bola Tinubu for bringing the long negotiations to a fruitful conclusion.

In his goodwill remarks, the Governor of Jigawa State, Alhaji Umar Namadi, expressed his satisfaction with the signing of the agreement, highlighting the significant role agriculture plays in the nation’s economy.

“The strong commitment shown at the highest levels—from the President to the Vice President—compels us at the subnational level to align with this initiative, as it is a project that directly benefits us all,” he stated.

Similarly, the Governor of Benue State, Rev. Fr. Hyacinth Alia, remarked that Benue, known as the nation’s food basket, was particularly pleased to witness the agreement’s signing. He pledged the state’s full support for the project’s success, declaring, “Benue State not only holds the basket but also the food and its surplus, ensuring the nation’s sustenance.”

The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who was also present at the ceremony, described the agreement as a exemplary model of South-South cooperation between Nigeria and Brazil. He mentioned that the Brazilian Minister of Foreign Affairs had visited Nigeria the previous week, engaging in bilateral discussions with President Tinubu.

Ambassador Tuggar pointed out that both nations are deeply committed to the project, inspired by Brazil’s remarkable achievement in transforming arid savannahs into some of the world’s most productive agricultural lands.

The Attorney-General of the Federation and Minister of Justice, Hon. Lateef Fagbemi, also commended all stakeholders for their contributions, acknowledging their efforts in ensuring the successful realization of the event.

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
Tags: Agribusiness
ShareTweetShareShare
Previous Post

Rivers Assembly Initiates Impeachment Proceedings Against Fubara

Next Post

Blinded by Ego, Self-Interest’ – APC Slams El-Rufai Over Defection

Related Posts

Lafarge Africa Profit Doubles to N97.95bn on Strong Q1 Performance
Business

Lafarge Africa Profit Doubles to N97.95bn on Strong Q1 Performance

US Jet Fuel Imports Rise Amid Increased Shipments From Nigeria’s Dangote Refinery
Business

Dangote Refinery Increases Petrol Price

Investors Gain N3.2trn as Stock Market Rebounds
Business

Investors Gain N3.2trn as Stock Market Rebounds

Next Post
Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements

Blinded by Ego, Self-Interest’ – APC Slams El-Rufai Over Defection

Discussion about this post

  • Trending
  • Comments
  • Latest
BREAKING: Fayose Drops Evidence of N50bn Federal Grant to Makinde; Accuses Oyo Governor of Fund Diversion

BREAKING: Fayose Drops Evidence of N50bn Federal Grant to Makinde; Accuses Oyo Governor of Fund Diversion

Malami Roped In Another One Billion Dollar Scandal As Whistleblower Exposes Alleged Cloned Account Fraud

Malami Roped In Another One Billion Dollar Scandal As Whistleblower Exposes Alleged Cloned Account Fraud

Fresh Crisis Hits NDC Hours After Obi, Kwankwaso’s Defection from ADC

Fresh Crisis Hits NDC Hours After Obi, Kwankwaso’s Defection from ADC

Billions at Stake: Keyamo Takes on Illicit Practices to Revamp Airport Revenue

Keyamo to Atiku: Using Federal Coat of Arms 18 Years After Office Illegal

El-rufai Holding On for a Better Deal?

El-rufai Holding On for a Better Deal?

Senator Natasha Slams Akpabio with N100b Defamation Suit

Senator Natasha Slams Akpabio with N100b Defamation Suit

Kaduna State Hosts Launch of Free to Shine Campaign to Combat HIV/AIDS, Syphilis, Hepatitis

A New Chapter in Nigeria-UAE Aviation Relations: Keyamo’s Masterstroke at ICAO Symposium

A New Chapter in Nigeria-UAE Aviation Relations: Keyamo’s Masterstroke at ICAO Symposium

Gov. Otti’s Wife Joins First Lady, Remi Tinubu at APC Women’s National Mega Rally in Abuja

Gov. Otti’s Wife Joins First Lady, Remi Tinubu at APC Women’s National Mega Rally in Abuja

Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

Court Clears ex-HoS Oyo-Ita of N570 Million Fraud Case

Court Clears ex-HoS Oyo-Ita of N570 Million Fraud Case

BREAKING: Several Reps Members Defect to NDC

BREAKING: Several Reps Members Defect to NDC

Recent News

Gov. Otti’s Wife Joins First Lady, Remi Tinubu at APC Women’s National Mega Rally in Abuja

Gov. Otti’s Wife Joins First Lady, Remi Tinubu at APC Women’s National Mega Rally in Abuja

Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

Court Clears ex-HoS Oyo-Ita of N570 Million Fraud Case

Court Clears ex-HoS Oyo-Ita of N570 Million Fraud Case

BREAKING: Several Reps Members Defect to NDC

BREAKING: Several Reps Members Defect to NDC

Spear News

The Spear News – Piercing the Truth
Delivering accurate, in-depth, and unbiased news, The Spear News is committed to uncovering the truth and keeping you informed. Stay ahead with credible journalism that cuts through the noise.

Follow Us

Browse by Category

Recent News

Gov. Otti’s Wife Joins First Lady, Remi Tinubu at APC Women’s National Mega Rally in Abuja

Gov. Otti’s Wife Joins First Lady, Remi Tinubu at APC Women’s National Mega Rally in Abuja

Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

Troops Arrest Gunrunner, Dismantle Criminal Network in South-East

Court Clears ex-HoS Oyo-Ita of N570 Million Fraud Case

Court Clears ex-HoS Oyo-Ita of N570 Million Fraud Case

BREAKING: Several Reps Members Defect to NDC

BREAKING: Several Reps Members Defect to NDC

© 2025 The Spear News Nigeria

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Contact Us
  • About Us
  • Privacy Policy

© 2025 The Spear News Nigeria