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NBCCI unveils Brazil’s investment profile in Nigeria

By Sunday Aikulola
16 October 2015   |   1:23 am
The Nigerian-Brazilian Chamber of Commerce and Industry (NBCCI) yesterday, unveiled Brazil’s investment profile in the country, stating that the pact between the countries would strengthen existing bilateral ties.

 

PHOTO: www.nigeriabrazilchamber.org

PHOTO: www.nigeriabrazilchamber.org

The Nigerian-Brazilian Chamber of Commerce and Industry (NBCCI) yesterday, unveiled Brazil’s investment profile in the country, stating that the pact between the countries would strengthen existing bilateral ties.

Indeed, the President of Nigerian-Brazilian Chamber of Commerce and Industry (NBCCI), Emmanuel Ibru noted that agribusiness, power generation and infrastructural development form investment profile of the country in Nigeria.

According to Ibru, Nigeria remains the most attractive environment for investment being the largest economy in Africa with a population of over 160 million people.

“There is a favourable government policy towards foreign investments which aids easy importation and exportation of capital. We also have stable inflation and exchange rates that have encouraged yearly economic growth of not less than five per cent.

“We would like to say that Brazil is one of the world’s fastest growing economies which cannot be ignored by a developing economy like Nigeria. Nigerians need to tap from the Brazilian experiences especially in areas of agriculture, infrastructural development, petroleum and renewable energy, industry among others.

Leader of the Brazilian delegation, Evaldo Silva Junior, told journalists in an interview that the delegation was in Nigeria to establish businesses in the areas of construction, agriculture and also management of the sewage.

According to him, Brazil produces 70 per cent of total production of rice in South America.

“We are here to help Nigeria produce rice, develop rice production in Nigeria and to go into discussion about supplying rice to meet up with the extra demand of that will not be met by the production in Nigeria”.

“Concerning the sewage management, we are here to have a project, which will help manage the sewage, and change what is coming from the sewage, into bio-fuels through selective process,” he said.

In the area of civil construction, Silva noted that Brazil will deploy its technology to assist Nigeria build houses for the poor and people of low income class at cheaper costs and faster rate, using the model known in Brazil as “My Life, My Health”, he said.

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