Nigeria, Brazil Sign Agreement to Boost Trade, Investment
“Petrobras has been producing oil in Nigeria for 14 years, and expects to increase production,” Brazilian President Dilma Rousseff said today during a speech in Abuja, Nigeria’s capital. “Petrobras expects to establish an ever-stronger presence here in Nigeria.”
Trade between Brazil, South America’s biggest economy, and Nigeria, Africa’s most populous country, is $9 billion a year. Nigerian President Goodluck Jonathan and Rousseff signed an agreement to boost cooperation on energy, aviation, agriculture, electricity, infrastructure development and defense.
The two leaders “pledged to work together toward attaining a more balanced, diverse and mutually beneficial trade relationship,” according to a joint statement issued after they held talks today.
-- Editors: John Deane, Kristen Hallam
To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at firstname.lastname@example.org