Nigeria and Brazil have signed a $1.1 billion agreement to boost agriculture productivity and enhance private-sector investment in Nigeria.

The Green Imperative Project (GIP) aims to develop structural conditions for efficient and competitive food production, prioritizing sustainable, low-carbon farming practices.

The agreement is worth $1.1 billion, with additional phases valued at $4.3 billion and $2.5 billion. The project will facilitate the importation of agricultural equipment like tractors and spare parts, with assembly operations conducted in Nigeria using local labor.

The project is expected to create employment opportunities and enhance local capacity. The initiative aligns with President Bola Tinubu’s administration’s commitment to tackling food security challenges and driving economic growth.

The project will integrate small-scale farmers into the broader agricultural value chain, providing access to modern equipment and financing.

The initiative is expected to drive economic growth, boost investor confidence, and create an enabling environment for private-sector participation.
The project prioritizes sustainable, low-carbon farming practices, promoting environmental sustainability.