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$1.6 billion investment: Tinubu meets with the Brazilian president seek partnership aimed at critical sectors of the economy, healthcare, education, and agriculture

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President Bola Tinubu, on Sunday, February 18, pushed the nation’s agriculture potentials on a global scale, advancing a multi-sectoral partnership with the Federative Republic of Brazil.
President Tinubu made the advances during a meeting with President Luiz Inácio Lula da Silva of Brazil in Addis Ababa, Ethiopia.

According to a statement issued by Special Adviser to the President on Media and Publicity, Ajuri Ngelale, both leaders had fruitful discussions on comprehensive strengthening of bilateral ties in many fields.

Speaking at the meeting, President Tinubu emphasized the strength of Nigeria’s economic potential and influence, saying the country is witnessing a leap forward, despite some short-term reform pains, as his administration is removing all encumbrances to business.

The President further explained that his administration is investing in critical sectors of the economy like healthcare, education, and agriculture to ensure the welfare of all Nigerian citizens and to create sustainable economic prosperity for future generations.

“We have a very vibrant population of young Nigerians who are trainable, dependable, and should be empowered. The economic potential of Nigeria is enormous. We are ready to break all the walls standing in our way to progress.

“We are ready to fight corruption from top to bottom. We are ready to invest in critical sectors like healthcare, agriculture, education, infrastructure, and others. I have one of the most dedicated teams on agriculture,” he said.

Assessing Nigeria’s natural and human resource wealth akin to Brazil’s, President Lula da Silva said Africa’s largest economy and South America’s largest economy have a long and interesting history together.

The Brazilian leader said Nigeria and Brazil once had a trade volume of more than $10 billion in the past, which has now plummeted to $1.6 billion, emphasizing that he is determined to strengthen bilateral relations.

“I am back to try to restore; to reclaim our good relations with Nigeria. I can not imagine that a country of 216 million people and another of 213 million people do not have strong relations.

“Mr. President, I am 78 years old. You are 71. What keeps me energetic is that I fight for a cause. The cause of my nation and people. A great cause is the elixir of sustained vitality for experienced leaders.

“Nigeria and Brazil need stronger relations from the academic viewpoint; from the cultural viewpoint; from the commercial viewpoint; from the agricultural viewpoint; from the industrial relations viewpoint, and from trade relations viewpoint.

“It is meaningless that there are no direct flights from Lagos to Sao Paulo and vice versa. I can not understand that. We have to sit at a table and find a solution for that. In aviation, there are many areas of potential collaboration with our manufacturers who seek to have a greater presence in Africa.

“I only have three more years left of my term, Your Excellency, to do everything I have not done yet. The time is very short. I am in a hurry to make my contributions to improve these relations with Nigeria. To make this happen, we have to put our ministers to work,” he said.

Responding, President Tinubu said Nigeria is ready to deepen ties with Brazil, noting that it is a “legacy of what can be done together to change the future for countless millions of our citizens”.

“We are stopping at nothing to remove all encumbrances to business. Red tape is being shredded around us. There is nothing we will not do to manifest the great potential of our nation. We are fighting corruption from the bottom to the top. We will prevent it, and we will remediate.

“We are very aware of your progressive legacies of social security provision, infrastructure, and reforms in Petrobras. We are in the process of implementing similar reforms in the NNPCL. We are focusing on investment in new production and new energy sources. We are investing in research, and we are removing obstacles to further partnerships in all areas of operation. There is opportunity for both companies in partnership,” the President said.

While identifying solid mineral exploration, agriculture, education, and healthcare as areas of immediate concern, President Tinubu emphasized that the will of the two leaders to collaborate is firmly established.

“I agree that our countries must now have direct air links. I will form a committee of cabinet members who will work directly with your cabinet ministers, and they will urgently form a joint plan of action for the benefit of our two great countries. We may have missed opportunities in the past, but we now look ahead.

“Brazil and Nigeria share similarities. Let us forget old mistakes. The phenomenal growth achieved by Brazil in agriculture is exemplary. We will work with you to mechanize our food production systems to enhance quality and quantity of output. I will work with you to re-energize Nigeria’s relations with Brazil across the board,” the President stated.

The leaders of the largest democracies in Africa and South America, respectively, agreed to work out the modalities for a state visit to Brazil by President Tinubu after President Lula da Silva extended an invitation, which the Nigerian leader warmly accepted.

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Catholic Bishops Conference : Let us build prosperity together and promoting interfaith harmony, Tinubu urges church leaders

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President Bola Ahmed Tinubu has urged faith leaders to join hands with him to build a strong economy in which the people will prosper.

He also urged them to remain steadfast in promoting interfaith harmony and denouncing violence.

He pledged to partner them and their institutions to tackle poverty, unemployment and inequality.

Tinubu spoke at the opening of the Second Plenary Meeting of the Catholic Bishops Conference of Nigeria (CBCN) in Ikot Ekpene, Akwa Ibom State, yesterday. He said his request to the religious leaders was hinged on the fact that faith-based organisations are “a vital bridge for peace, unity and moral renewal in the country.”

‘’Our efforts in tackling insecurity, expanding social investment programmes, strengthening agriculture and revitalising infrastructure are geared towards creating an enabling environment for Nigerians to live in peace and fulfill their potential.

“I reassure you that the Federal Government will deepen collaboration with the Catholic Church and other faith-based Organisations in key sectors as education, healthcare, social welfare and skills development.

‘’Together, we can tackle poverty, reduce inequality and build stronger communities,” the President said.

He was represented at the event by Secretary to the Government of the Federation (SGF), George Akume.

Senate President, Godswill Akpabio, and Akwa Ibom State Governor, Umo Eno, attended the event, which was witnessed by the representative of Pope Leo XIV, Apostolic Nuncio Most Rev. Michael Francis Crotty, and some members of the National Assembly.

Tinubu told the bishops that genuine reconciliation and national cohesion can only be achieved when spiritual leaders preach peace, discourage extremism, hatred, and divisive tendencies.

He challenged them ‘’to continue speaking truth to power, not only to government but to society.’’

Read Also: Be patient with Tinubu’s reforms, prosperity will come — Akpabio tells Nigerians

Tinubu, in a statement by Akume’s Special Adviser on Media and Publicity, Yomi Odunuga, reminded the clerics that while ‘’speaking truth to power,’’ they should ‘’offer constructive solutions that will help us build a nation where integrity, hard work and compassion are hallmarks of public and private life.”

He lauded the Catholic Bishops and other clerics across denominations for championing dialogue and tolerance in a diverse nation like Nigeria.

“The Catholic Church has been a credible partner in the journey towards national renewal. Your investments in education, health and social welfare—often in remote and underserved communities—speak louder than words. You have stood with the people in times of hardship, provided comfort in times of grief and raised your voice against injustice and corruption,” Tinubu said.

The President assured them that his administration is committed to addressing insecurity and social unrest, including poverty, unemployment and inequality.

He cited removal of fuel subsidy, unification of exchange rates and efforts to curb leakages in public finances as steps toward stabilising the economy and laying a foundation for long-term prosperity.

These policies, though demanding sacrifices in the short term, Tinubu noted, are necessary to put the nation back on the path of growth and long-term prosperity.

The President emphasised that beyond stabilisation, his government is working to attract local and foreign investments by creating an enabling environment for businesses to thrive.

He highlighted reforms in key sectors, such as agriculture, energy, and infrastructure, which are expected to stimulate job creation, boost productivity, and expand opportunities for young Nigerians.

Tinubu said while the results may not be immediate, the reforms are structured to deliver enduring benefits that will uplift lives and secure a brighter economic future for the nation.

He said: “This administration came into office with a firm commitment to renew hope, strengthen our democratic institutions and build a Nigeria that works for all. We have taken steps to stabilise the economy, attract investment and implement reforms that will, in due course, yield enduring benefits for our people.

‘’We recognise that good governance is not just about economic growth, it is about justice, fairness, transparency, accountability and the dignity of every Nigerian.

“It’s also about ensuring that no one is left behind – whether in urban centres or rural communities, whether majority or minority, whether rich or poor.

Tinubu called on religious leaders to complement the government’s initiatives by nurturing honesty, hard work, and compassion in their communities.

He urged the church to continue offering guidance in civic education, environmental protection and youth empowerment.

The President further urged the church to collaborate with the government in advancing civic education, protecting the environment, and empowering young people, so future generations will gain not only academic knowledge but also values needed to uphold the moral fabric of society.

Akpabio urges patience

Akpabio urged Nigerians to be patient with the Tinubu administration’s reforms, as they will soon yield results.

“Let me urge my compatriots to be patient with your government as we lay again the foundations of this house. Do not despair when the winds blow strong or the scaffolding shakes,’’ Akpabio said in a statement by his Special Assistant on Media/Communication, Anietie Ekong.

He said it was important for people to note that a country is like a cathedral that cannot be built in a short space of time

“A nation is like a mighty cathedral — it is not raised overnight, but stone by stone, prayer by prayer, hand by hand – They that wait upon the Lord shall renew their strength; they shall mount up with wings as Eagles (Isaiah 40:31), he said.

“Let us renew hope in the Nigerian enterprise. Let us believe again that our land can be great, that our children can inherit a future brighter than our present.

“Let us bind the wounds of division, banish the cynicism of despair, and walk together—Church and State, pulpit and parliament, faith and policy—towards the dawn.

“Transformation is not the burden of one arm of society, or the privilege of a select few. It is a covenant of partnership. As St. Paul declares: ‘We are co-workers in God’s service; you are God’s field, God’s building.’”

Governor Eno noted that the Catholic Church has played key roles all over the world in fighting injustice, enthroning democratic governance and placing the welfare of the people at the centre of its policies.

Eno called for continued support of the Church in delivering dividends of democracy to the people.

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Update : No going back on free fuel distribution, says Dangote

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‘We offer cheaper fuel despite importing 60% of crude’
Recent attacks against Dangote Petroleum Refinery from some associations in the oil and gas industry were orchestrated to derail the planned free fuel distribution logistics initiative, the management of Dangote Refinery said last night.

It however foreclosed backtracking on the initiative, adding that the attacks lack genuine and patriotic concerns.

In a statement last night, the Refinery said the position of National Union of Petroleum and Natural Gas Workers (NUPENG) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) lacks legitimacy and has nothing to do unionisation as being claimed.

“Their position”, according to the statement , “have made it abundantly clear that the actions and threats issued by them is not borne out of legitimate concerns about unionisation, but a calculated campaign of economic sabotage that is orchestrated by vested interests who perceive progress as a threat to their entrenched positions.”

Reacting to a press statement by DAPPMAN, which was published, in some newspapers at the weekend, Dangote Refinery accused the association of misleading Nigerians, noting that their claims were contradicted by established facts.

The statement by Dangote Refinery reads: “In January 2022, the Nigerian National Petroleum Company (NNPC) reported that one of DAPPMAN’s members had supplied petrol containing over 15% methanol, well above acceptable limits (Methanol which is not a standard industry practice or procedure for refinery, but blenders use it to prompt up the octane rating to an acceptable level that is well above anti-knocking ratio).

“The result was widespread engine damage for thousands of end users. Yet, no transparent government inquiry or independent investigation was ever conducted to determine the source, intent, or full impact of the adulterated fuel.”

The refinery also described as incorrect, the claim that the price of petrol in Togo is lower than in Nigeria. It revealed that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivalent to N1, 826.

“This figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria. The Dangote Refinery has positioned Nigeria as a primary source of affordable petrol feedstock for West Africa, despite the refinery importing over 60% of the crude oil it processes. Remarkably, the refinery is able to offer petrol at prices below the international benchmark within the sub-Saharan region.

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$4.2 million in COVID-19 fraud : Dethronement of US-jailed Oba Joseph Oloyede imminent as Adeleke calls development ‘ugly’

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• We await directives of govt — Kingmakers

• Adeleke’s intervention will douse tension — Ruling house

The dethronement of Apetu of Ipetumodu, Oba Joseph Oloyede, who was recently jailed in the United States of America (USA) by District Judge Christopher Boyko over $4.2 million in COVID-19 fraud, is imminent as Governor Ademola Adeleke described the development as ‘ugly’.

Oba Oloyede, who was arrested in May 2024 was later jailed alongside Pastor Edward Oluwasanmi in August 2025, causing ripples in his community, Ipetumodu, the headquarters of Ife North Local Government Area of Osun State.

It will be recalled that there was a crisis in the town during the week as princes, chiefs, and kingmakers clashed at a meeting over a call to dethrone Oba Oloyede after he was sentenced to prison in the US.

The kingmakers led by Asalu, Chief Sunday Afolabi Adedeji opposed the call arguing that the state government was yet to obtain a Certified True Copy(CTC) or give any directives.

However, Governor Adeleke after State Executive Council meeting held on Friday night where he reviewed policies and happenings in the state, frowned at the development in Ipetumodu.

A statement by the Commissioner for Information and Public Enlightenment, Kolapo Alimi read in part: “He (Adeleke) further instructed the Commissioner for Local Government and Chieftaincy Affairs to take action on the ugly development at Ipetumodu where the King was recently jailed in the United States of America.”

Reacting to the development, an heir to the throne, Prince Olaboye Ayoola from the Aribile Ruling House commended Governor Adeleke for his directive noting that it will douse the existing tension in the town.

He said: “Since the embattled monarch was jailed, there is tension in our community, but the directive of the Governor will ease it now. The kingmakers who were opposing his dethronement will heed to the directive now.”

He urged the governor to ensure that Aribile ruling house replaces Oloyede and not move to Fagbemokun because the embattled king did not die but was jailed.

Contacted, Chief Adedeji said: “We can’t do anything outside the directive of the Commissioner, we will be waiting for his directive.”

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