Nigeria and Brazil Launch $1.1 Billion Green Imperative Project to Enhance Agricultural Productivity

Nigeria and Brazil have officially commenced the commercial phase of the $1.1 billion Green Imperative Project (GIP), a strategic initiative aimed at boosting agricultural productivity and strengthening private-sector investment in Nigeria.

The GIP, recognized as the largest agricultural project in Africa, focuses on developing sustainable, low-carbon agriculture. Its primary goal is to create structural conditions that enhance food production in Nigeria efficiently and competitively.

The initial memorandum of understanding (MoU) for the GIP was signed in 2018. Subsequently, during President Bola Tinubu’s official visit to Brazil last year, agreements for the $4.3 billion second phase of the project and the $2.5 billion JBS initiative were finalized, bringing the total investment to approximately $8 billion.

Vice President Kashim Shettima highlighted that the GIP aligns seamlessly with the administration’s policies and programs, particularly in addressing food security challenges. He emphasized that the project is a private sector-driven initiative targeting small-scale farmers and integrating them into the entire agricultural value chain.

Brazilian Ambassador to Nigeria, Carlos Garcete, expressed honor in associating with the GIP, noting that after seven years of negotiations, necessary funds have been secured from private and regional development banks. The project will facilitate the importation of agricultural equipment, including tractors and spare parts, with assembly and maintenance to be conducted locally by trained Nigerian personnel.

This collaboration signifies a pivotal step towards enhancing food security and diversifying Nigeria’s economy through sustainable agricultural practices.