Nigeria and Brazil have marked a significant milestone in their bilateral relations with the signing of the commercial phase of the $1.1 billion Green Imperative Project (GIP). This project aims to boost agriculture productivity, enhance private-sector investment, and ensure food security in Nigeria.
Background of the Project
The Memorandum of Understanding (MoU) for the $1.1 billion GIP 1 was signed in 2018. In late 2024, during President Bola Tinubu’s visit to Brazil, the $4.3 billion Phase II of the project and the $2.5 billion JBS were signed, totaling $7.8 billion.
Objectives of the Green Imperative Project
The GIP is the largest agricultural project in Africa, prioritizing sustainable, low-carbon agriculture. Its primary objective is to develop structural conditions to boost food production in Nigeria efficiently and competitively. The project will link small-scale farmers with all the agricultural value chains in the country, driving economic growth and enhancing investor confidence.
Brazil’s Investment in Nigeria
Brazil plans to invest approximately $8 billion in Nigeria, focusing on agriculture, livestock, and job creation. The Ambassador of Brazil to Nigeria, Carlos Garcete, emphasized the importance of long-term partnerships over donations. Brazil’s Vice President, Geraldo Alckmin, is scheduled to visit Nigeria in June to establish modalities for more partnerships.
Reactions from Nigerian Stakeholders
Vice President Kashim Shettima described the signing of the commercial phase of the GIP 1 as a significant step towards enhancing food security in Nigeria. The Governor of Jigawa State, Umar Namadi, expressed delight over the signing, noting its importance for agriculture in Nigeria. The Governor of Benue State, Hyacinth Alia, assured full support for the project’s success.
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The signing of the commercial phase of the Green Imperative Project marks a significant milestone in Nigeria’s efforts to boost agriculture productivity and ensure food security. With Brazil’s investment and partnership, Nigeria is poised to drive economic growth and enhance investor confidence in the agricultural sector.
