In a strategic move to boost Nigeria’s international investment profile, the Federal Government has deepened economic diplomacy with Brazil through active participation in the Ogun State Investment Forum held in Rio de Janeiro on the sidelines of the 17th BRICS Summit.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led Nigeria’s delegation to the summit, where he engaged with key members of the Brazilian business community. The forum focused on promoting Nigeria—particularly Ogun State—as a destination for long-term investments across priority sectors including energy, manufacturing, agribusiness, technology, and infrastructure.
Minister Edun underscored the country’s ongoing macroeconomic reforms and commitment to private-sector-led growth, stating that Nigeria is firmly open for business. He highlighted the Federal Government’s drive to foster public-private partnerships under President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at restoring investor confidence and accelerating economic transformation.
“Ogun State is a key gateway to Nigeria’s economic future. With a strong policy environment and investment-ready sectors, this forum showcases the state’s role in attracting sustainable capital into Nigeria and Africa,” Edun said.
The engagement not only reinforced Nigeria’s commitment to global partnerships but also highlighted the strategic importance of subnational diplomacy in driving national development goals.
The Federal Government’s participation in the Ogun Investment Forum marks a significant milestone in its efforts to position Nigeria as a top destination for international capital, particularly in the context of strengthening ties with Brazil and the broader BRICS economic bloc.
