Development News Edition
Give Feedback

Nigeria and Brazil will strengthen bilateral relations

Brazil maintains a strategic dialogue mechanism with Nigeria and seeks to further strengthen economic ties between two countries.


Devdiscourse News Desk Last Updated at 12-06-2018 03:00:34 IST Brazil, Nigeria
Nigeria and Brazil will strengthen bilateral relations
  • By 2017, bilateral trade flows totaled approximately USD 1.5 billion. (Image Credit: Twitter)

The Minister of Foreign Affairs of Nigeria, Geoffrey Onyeama, will visit Brasilia from June 11 to 13 to meet the agenda of meetings that will include a working meeting with the Minister of Foreign Affairs, Aloysio Nunes Ferreira.

The chancellor of Nigeria will also visit the city of São Paulo, on 14 and 15 June, where meetings are planned with authorities and businessmen.

The meeting with Minister Aloysio Nunes Ferreira, on the 12th, will be an opportunity to review the main themes of bilateral relations, following the visit of the Brazilian foreign minister to Abuja in October last year.

Africa's largest economy and most populous country, Nigeria is an increasingly important player in both its region and global issues. Brazil maintains a strategic dialogue mechanism with Nigeria and seeks to further strengthen the economic, commercial and cultural ties between the two countries.

There is interest from both sides in strengthening cooperation in agriculture, diversifying trade patterns and exploring new opportunities in investment, defense, legal cooperation, and energy.

By 2017, bilateral trade flows totaled approximately USD 1.5 billion. In the first four months of 2018, bilateral trade totaled USD 538.5 million, an increase of approximately 22 percent over the same period last year.

(With inputs from AIG)


add banner

LEAVE COMMENT

Download our Android App on Google Play