Brazil Set To Inject $1.1 Billion Into Nigeria’s Agriculture


The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, says  Brazil will soon inject 1.1 billion dollars into Nigeria’s agriculture.
The envoy said yesterday night in an interview with News Agency of Nigeria (NAN) in Abuja  that an agreement between Brazil and Nigeria on that would be concluded by the end of October.
The ambassador spoke at a dinner to sensitise Nigerians on an agriculture programme – Agritech Nigeria – organised by the Osun Government.

According to him, Brazil will help to transform Nigeria’s agriculture with the fund by establishing tractor assembly plant in Bauchi State.
According to him, it will also  improve efficiency in the use of resources, enhance market access and help in mitigating climate-related hazards.
“It will also keep the youth busy because they will be employed, and create development in the area where the plant is established,” he said.

Photo Credit: Getty

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