According to a statement by his media aid, Ajuri Ngelale, the president emphasized the strength of Nigeria’s economic potential and influence, saying the country is witnessing a leap forward, despite some short-term reform pains, as his administration is removing all encumbrances to business.
The President further explained that his administration is investing in critical sectors of the economy like healthcare, education, and agriculture to ensure the welfare of all Nigerian citizens and to create sustainable economic prosperity for future generations.
Assessing Nigeria’s natural and human resource wealth akin to Brazil’s, President Lula Da Silva said Africa’s largest economy and South America’s largest economy have a long and interesting history together.
The Brazilian leader said Nigeria and Brazil once had a trade volume of more than ten billion dollars in the past, which has now plummeted to one point six billion dollars, emphasizing that he is determined to strengthen bilateral relations.
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