President Bola Ahmed Tinubu has concluded his visit to Rio de Janeiro, Brazil, following his participation in the 19th G20 Leaders’ Summit and several bilateral engagements aimed at advancing Nigeria's economic interests.
Tinubu departed from Galeão Air Force Base at 10:30 a.m. local time after an eventful week that included discussions with global leaders, notably Kristalina Georgieva, the IMF Managing Director, who praised Nigeria's recent economic reforms. These reforms have been highlighted as key to improving the country's economic trajectory.
During his stay, Tinubu oversaw the signing of a $2.5 billion Letter of Intent between Nigeria and JBS S.A., a leading Brazilian meat processing company. This agreement is part of efforts to revitalize Nigeria's livestock industry, aligning with the administration's broader economic diversification goals.
The President’s attendance at the G20 was at the invitation of Brazilian President Luiz Inácio Lula da Silva, who currently presides over the group. Tinubu's engagement with the G20 emphasizes Nigeria's commitment to fostering international partnerships for sustainable development.