President Bola Ahmed Tinubu has assured Brazilian investors that Nigeria’s ongoing economic reforms are delivering positive results, stressing that his administration has curbed corruption and created a more transparent business environment.
Speaking on Monday at a meeting with ministers from both countries and members of the Brazil Business Group, Tinubu reaffirmed Nigeria’s readiness to deepen cooperation in technology transfer, food security, manufacturing, and renewable energy.
The president described Nigeria as “a vast, untapped market brimming with opportunities for Brazilian companies,” pledging his government’s commitment to building a business-friendly economy.
Reflecting on the reform process, Tinubu admitted it came with initial challenges but insisted the benefits are now becoming evident. “The reforms I introduced since assuming office have been impactful. It was painful at first, but the results are now blossoming and becoming clearer to the people,” he said.
He further declared: “There is more money circulating in the economy, and corruption has been stamped out. You don’t need to know the Central Bank governor to access foreign exchange. Speculators are out of the currency market, and the door is open for businesses — easy in, easy out.”
