The Nigerian Government has taken a significant step in advancing its economic diplomacy efforts in Brazil, as the Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, participated in the Ogun State Investment Forum with the Brazilian Business Community on the sidelines of the just concluded 17th BRICS Summit (6-7 July 2025) in Rio de Janeiro, Brazil.
A statement signed by Mohammed Manga, the Director of Information and Public Relations at the Federal Ministry of Finance, revealed that the engagement was part of a broader effort to promote economic growth and development through strategic partnerships.
The forum spotlighted Ogun State’s investment readiness across key growth sectors, including energy, manufacturing, agribusiness, technology, and infrastructure.
The Finance Minister emphasised that Nigeria is firmly open for business, highlighting macroeconomic stability and ongoing reforms as a foundation for sustainable private-sector-led growth.
He reaffirmed the commitment of the Federal Government of Nigeria to accelerating public-private partnerships and creating a transparent, investor-friendly environment, in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
This engagement signals deepening ties between Nigeria and Brazil while reinforcing Ogun State’s position as a gateway for long-term investment in Africa’s most dynamic economy.
The Ogun State Investment Forum Summit in Brazil marks a significant milestone in Nigeria’s economic diplomacy efforts.
With the Federal Government’s commitment to creating a transparent and investor-friendly environment, Nigeria is poised to attract long-term investments that will drive economic growth and development, especially as it continues to strengthen its ties with Brazil and other global partners —the nation’s prospects for economic prosperity and growth look bright.
About the BRICS
Initially comprising Brazil, the Russian Federation, India, China, and South Africa, the recently expanded alliance now also includes Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates (UAE).
The theme of the 17th BRICS Summit was “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”.