LagosExplorer reports that President Bola Ahmed Tinubu has declared that corruption no longer exists in Nigeria under his administration, assuring international partners that the country has become a transparent environment for business and investment.
Speaking on Monday, August 25, during a high-level meeting with Brazilian ministers and investors in Brasília, Tinubu said Nigeria has undergone a transformation since he assumed office in May 2023. He told participants that his economic reforms, though tough at the beginning, are now yielding results and restoring confidence in Africa’s largest economy.
According to Tribune Online, the president emphasized that Nigeria’s foreign exchange market has been fully liberalized, ensuring fair access without the need for political or insider connections. “It’s getting clearer to the people. We have more money for the economy, and no more corruption,” Tinubu was quoted as saying. He stressed that speculators who previously manipulated the currency market have been eliminated, leaving the doors open for genuine businesses.
The president also used the platform to woo Brazilian companies to tap into Nigeria’s vast opportunities in technology, renewable energy, food security, and manufacturing. He reminded the audience that while past engagements between both countries often fell short of their promises, his government is determined to rewrite the narrative. “We have allowed some problems and activities in the past to deter us from making progress, but today we say that is the end of that,” Tinubu affirmed.
Presidential spokesman Bayo Onanuga confirmed that during a state luncheon hosted at the Itamaraty Palace, Nigeria and Brazil signed new bilateral agreements. The accords focus on strengthening trade, enhancing technology partnerships, and promoting sustainable growth between the two countries.
Tribune Online and WP Nigeria both report that Tinubu’s speech was well received by Brazilian investors who expressed interest in exploring fresh partnerships with Nigeria.
However, his administration insists that ongoing reforms are reshaping Nigeria into a credible destination for global investors.