Edun Leads Nigeria’s Economic Push at Ogun State Summit in Brazil.
By Raymond Enoch
In a strategic demonstration of Nigeria’s new era of economic diplomacy, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led the Federal Government delegation to the high-profile Ogun State Investment Summit hosted in Brazil. The summit, which convened influential investors, state representatives, and global trade partners, became the stage for Nigeria to reaffirm its commitment to attracting international capital and fostering sustainable development.
Ogun State, a critical industrial hub in Nigeria, showcased a portfolio of investment-ready projects—including agro-processing, petrochemicals, infrastructure, and renewable energy. The Federal Government, under Minister Edun’s leadership, positioned itself alongside the state government to accelerate “Invest in Ogun” initiatives, spotlighting a range of fiscal incentives, public–private partnerships, and ease-of-doing-business reforms designed to entice Brazilian and global investors.
Mr. Edun emphasized that Nigeria’s recent diplomatic outreach—spanning continents from Asia to Europe and now South America—is yielding concrete results. Referencing ties forged earlier this year in Saudi Arabia, the Minister highlighted inflows such as SALIC’s US$1.2 billion livestock investment and momentum from ongoing negotiations with First Abu Dhabi Bank and JP Morgan as proof of growing investor confidence.
Ogun State’s commissioners unveiled investment-grade proposals in agriculture, minerals, manufacturing, and energy.
Edun outlined a framework for federal backing through bilateral trade agreements, infrastructure financing, and export facilitation.
Edun stressed that economic diplomacy is central to President Tinubu’s administration, boosting Nigeria’s macroeconomic stability and trade competitiveness
Private-sector dialogue: Roundtable discussions with Brazilian agribusiness leaders and financiers explored collaboration models like joint ventures and technology transfer.
Minister Edun’s Take
“Economic diplomacy is not just talk—it delivers,” declared Edun. “What we bring back are investments, foreign exchange, and jobs for Nigerians.” He praised President Tinubu’s reforms— including subsidy removal, a unified foreign-exchange rate, and industrial incentives—as foundational to reinvigorating investor faith
Building on the historic US$1 billion Brazil–Nigeria accord signed in June—encompassing agriculture, food security, energy, and defense—Minister Edun reiterated the country’s readiness to receive mechanized farming equipment, training programs, and agro-service centers in Ogun and beyond
The outcomes from the summit point to swift follow-up actions:
Negotiations began on agreements between Ogun State and Brazilian partners in agro-processing and industrial parks.
The Ministry of Finance pledged support through export-credit guarantees and trade-financing tools via Afreximbank.
A delegation of Nigerian and Brazilian financial institutions is planning a dedicated investment forum in Lagos later this year.
“Diplomacy Yields Dollars: Edun Unveils Ogun Investment Push at Brazil Summit”
