The Federal Government of Nigeria has entered into a Memorandum of Understanding (MoU) with Brazil’s Fundação Getulio Vargas (FGV) to enhance private-sector participation in the country’s agricultural development.

The agreement, signed during the G20 Leaders’ Summit in Rio de Janeiro, is expected to channel $4.3 billion into critical areas such as: Fertiliser production, Hybrid seed technology and Agricultural financing

This partnership aims to significantly transform Nigeria’s agricultural sector, increasing productivity and supporting economic diversification.