President Bola Tinubu's visit to Brazil has secured major memoranda of understanding between Nigeria and the South American country.

This would be the third time Tinubu will be meeting his Brazilian counterpart, President Luiz Inácio Lula da Silva.

Since becoming President in 2023, Tinubu has first met with President Lula in Addis Ababa, the Ethiopian capital, during the African Union summit. The two leaders discussed cultural relations, trade enhancement and commercial activities.

Their second meeting was in July 2025 in Rio de Janeiro, where they extended their discussion on trade expansion, energy transition, agriculture and direct flight. The discussion was held on the sidelines of the BRICS Summit.

On Sunday, August 24, President Tinubu landed in Brazil again and met with President Lula on Monday, August 25, where the leaders formalised their discussion and trade agreement between Nigeria and Brazil.

So far, Nigeria and Brazil have signed four memoranda of understanding. These were disclosed by Mohammed Idris, the Nigerian minister of information and national orientation.

Below are the agreements so far:

1) In 2024, Brazil's biggest meat processor announced a $2.5 billion investment plan for Nigeria, that will build six meat processing factories in the country.

2) There's also the $1.1 billion Green Imperative Partnership (GIP), a Brazil-supported government-to-government initiative that will deliver 10,000 tractors and 50,000 pieces of agric equipment, to be assembled and maintained in Nigeria—creating jobs and building capacity.

3) The Tinubu administration has also worked hard to revive and reinvigorate the Nigeria-Brazil Strategic Dialogue Mechanism, after a lull; with Nigeria hosting an edition two months ago in Abuja, attended by the Brazilian Vice President.

4) Another area of bright promise: plans are now underway to resume direct flights between the two countries.

This third meeting between the two Presidents since November 2024 is focused on building on the significant bilateral gains made so far.

In 2024, Brazil's biggest meat processor announced a $2.5 billion investment plan for Nigeria, that will build six meat processing factories… pic.twitter.com/LyaopDpEkZ

— Mohammed Idris, FNIPR (@HMMohammedIdris) August 25, 2025