During the 2024 International Business and Expo hosted in Lagos, the Federation of Industries of Brazil (FIRJAN) emphasised the need for improved cultural and economic ties between Nigeria and Brazil. This event, facilitated by the Lagos Chamber of Commerce and Industry, served as a venue for exploring ways to strengthen collaboration between the two countries. Mr. Mauro Varejão, the Director at FIRJAN, emphasised the importance of partnerships beyond mere business, touching into the cultural connections that unite the two countries.
In recent years, they have seen an increase in their economic relationship, especially in fields like petroleum, agriculture, and trading. Their connection goes beyond commercial interests; the cultural and historical bonds, especially the Afro-Brazilian legacy, enhance their collaboration. Mr. Varejão pointed out that increased participation in cultural and tourism sectors would help strengthen these connections. In addition to these industries, he emphasised their ability to assist the nation in enhancing its industrial sectors, especially in construction, where joint efforts could result in advantages for both nations.
FIRJAN calls for stronger ties amid growing economic focus.
The presentation by FIRJAN took place against the backdrop of the country’s growing significance as a strategic economic partner for Brazil, particularly in Africa. According to Mr. Varejão, advancements in business relations, particularly in key areas such as oil and agriculture, signal the potential for deeper cooperation. The director conveyed a positive outlook regarding the relationship’s future and highlighted FIRJAN’s dedication to promoting this partnership through ongoing discussions and collaborative projects. On the Nigerian side, Mr. Gabriel Idahosa, who serves as the President of the LCCI, reflected the views shared by FIRJAN.
He noted that the moment for enhancing economic ties between the two countries is now and mentioned that LCCI has been actively collaborating with the Brazilian government through its embassy in Lagos to facilitate greater engagement between their businesses and sectors throughout the country. He emphasised the significance of FIRJAN’s visit, highlighting that it occurred during the increased focus on strengthening economic connections between the two countries. At the event, Mr. Ajoyemi Osunleye, a representative from African Pride Company based in Brazil, discussed the upcoming G20 summit set for November.
Trade, logistics, and collaboration were emphasised during the event.
At this event, the region’s leader, Asiwaju Bola Ahmed Tinubu, will be honoured at a side event organised by FIRJAN in collaboration with the African Pride Company, alongside LCCI delegates and various industrial leaders from the nation. This meeting aims to encourage communication and enhance the relationships between the two nations’ industrial and commercial sectors. Osunleye emphasised that the cultural similarities between the two countries could be a solid basis for initiating new Economic Development and collaboration stages. During the conversations, the vital role of Logistics in Trade relations was emphasised.
Also, the effectiveness of shipping pathways from Brazil to the country was noted as a crucial benefit for enhancing trade. A fully loaded cargo from Brazil requires only 15 days to arrive in Nigeria, while a ship from China takes 32 days. This competitive edge illustrates how improving trade partnerships between the two nations could yield significant advantages, benefiting their economies and facilitating smoother business activities in multiple sectors. Among the attendees at the event were key figures such as Nigeria’s Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, Lagos State Governor Babajide Sanwo-Olu, and the Consul General of Brazil in Lagos, Ambassador Miguel Franco.
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Representatives from various foreign embassies in the country and industry leaders participated, emphasising the broad support for enhanced relations. However, as discussions about economic and cultural connections progress, the opportunities for enhanced cooperation between these two countries seem encouraging. A solid foundation is being established for a successful and enduring alliance, supported by key organisations such as FIRJAN and the LCCI and participation from governmental figures and industry leaders. This partnership, built on reciprocal respect and common objectives, illustrates their increasing interconnectedness in a globalised world.