President Bola Ahmed Tinubu has once again reaffirmed his administration’s commitment to building a transparent and accountable system in Nigeria, declaring boldly that there is “no more corruption” under his leadership. The Nigerian leader made this strong statement while addressing Brazilian investors, ministers, and business executives during a high-level meeting in Brazil on Monday.
The meeting, which brought together officials from both nations as well as members of the Brazil Business Group, was aimed at deepening economic, trade, and diplomatic relations between Nigeria and Brazil. President Tinubu emphasized that the economic reforms undertaken by his government, though challenging at the initial stage, have started producing visible results and restoring investor confidence in Africa’s largest economy.
“Nigeria is now a land of new opportunities,” Tinubu assured, stressing that corruption and speculative practices that previously crippled the economy have been dismantled. He noted that with transparency measures in place, the country’s monetary and fiscal policies are finally beginning to bear fruit. “The reforms were initially painful, but today the result is blossoming. It’s getting clearer to the people. We have more money for the economy, and no more corruption,” he confidently stated.
The President also explained how his administration has restored credibility to Nigeria’s foreign exchange operations, highlighting the transformation at the Central Bank of Nigeria. “You don’t have to know anyone before getting the foreign exchange you need. The speculators are out. In our currency market, the door is open for businesses,” he added, stressing that fairness and transparency are now the pillars of Nigeria’s economic dealings.
Beyond monetary policies, President Tinubu outlined key priority areas where Nigeria seeks stronger collaboration with Brazil. These include technology transfer, food security, industrial manufacturing, renewable energy, and innovation-driven investments. He described Nigeria as a “vast, untapped market full of opportunities” that Brazilian firms can leverage for mutual growth.
Reflecting on his earlier visits to Brazil, Tinubu noted that relations between both countries had remained largely symbolic in the past, but now the time had come to build practical economic partnerships that deliver tangible benefits for both nations. “We have allowed some problems and activities in the past to deter us from making progress and fulfilling our promises, but today we say that is the end of that,” the Nigerian leader asserted.
According to a statement released by presidential spokesperson Mr. Bayo Onanuga, President Tinubu also attended a state luncheon at the Itamaraty Palace. The discussions during the event centered on strengthening trade ties, expanding cooperation in science and technology, and enhancing cultural and diplomatic exchanges. Both nations further agreed on the need for stronger South-South cooperation to drive sustainable development in emerging economies.
In a major outcome of the visit, the Nigerian government and its Brazilian counterparts signed a series of new bilateral agreements designed to expand cooperation in key sectors. These agreements are expected to open fresh avenues for sustainable development, renewable energy collaboration, advanced technology transfer, and increased trade volumes between the two countries. For Tinubu, this marks another significant step toward repositioning Nigeria as a reliable and corruption-free hub for international investors.