UBA urges Nigeria, Brazil to deepen trade ties
UBA’s GMD, Oliver Alawuba, has called for stronger trade and investment relations between Nigeria and Brazil, highlighting opportunities in key sectors. Read More: https://punchng.com/uba-urges-nigeria-brazil-to-deepen-trade-ties/
United Bank for Africa Plc (UBA) CEO Oliver Alawuba has urged Nigeria and Brazil to strengthen their trade and investment relations, identifying potential opportunities in sectors such as agriculture, manufacturing, energy, technology, and creative industries. During Brazil's National Day celebrations in Abuja, Alawuba praised the longstanding relationship between the two nations, which extends beyond diplomacy to shared history, culture, and strong personal connections.
He highlighted Brazil's representation at Nigeria's independence celebrations in 1960 and the lasting impact of Afro-Brazilian heritage in Nigeria. Alawuba emphasized the potential for economic growth, noting that bilateral trade in goods between Nigeria and Brazil reached $2.4 billion in 2025. He also pointed to the $1.1 billion Green Imperative Agricultural Mechanisation Programme as an example of how Brazilian expertise and equipment could benefit Nigerian businesses.
UBA's presence in 20 African countries positions it to support trade and investment between Africa and Brazil, Alawuba explained. He expressed optimism about the future of the friendship between Nigeria and Brazil, emphasizing the potential for shared economic prosperity.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- UBA urges Nigeria, Brazil to deepen trade ties punchng.com
