Brazilian President Luiz Inacio Lula da Silva and Nigerian President Bola Tinubu signed five cooperation agreements on agriculture and direct air travel, reinforcing their countries’ commitment to free trade amid rising global protectionism. Viory.

The meeting at the Palacio do Planalto comes as both leaders stress economic collaboration as a counterweight to the resurgence of nationalism worldwide. Lula framed the partnership as one of “productive integration,” emphasizing that Brazil and Nigeria—two of the largest nations with predominantly Black populations—can unlock synergies across agriculture, oil and gas, fertilizers, and machinery.

Tinubu highlighted the strategic potential of Brazil’s resources for Nigeria’s economy, noting the country’s substantial gas reserves and the role of Petrobras in fostering a dynamic partnership. “We want it to be a dynamic asset, with promising action and great potential,” he said.

Bilateral trade between the two countries is projected to reach roughly $2 billion in 2024, according to the Brazilian government, which has identified Nigeria as a key trading partner in Africa.