UBA CEO Advocates for Deeper Nigeria-Brazil Trade and Investment Ties
Oliver Alawuba, GMD/CEO of UBA Plc, called for stronger trade and investment relations between Nigeria and Brazil during a celebration of Brazil's National Day in Abuja.
In Brief
- •Oliver Alawuba, GMD/CEO of UBA Plc, called for stronger trade and investment relations between Nigeria and Brazil during a celebration of Brazil's National Day in Abuja.
- •He highlighted collaboration opportunities in agriculture, manufacturing, energy, technology, and the creative industries.
- •Bilateral trade between Nigeria and Brazil was approximately US$2.4 billion in 2025, with significant potential for growth.
- •UBA's pan-African presence and financial capabilities are seen as assets for supporting trade and investment between Africa and Brazil.
- •Alawuba emphasized the longstanding friendship and shared history between Nigeria and Brazil, noting the enduring influence of Afro-Brazilian heritage in Nigeria.
Why It Matters
The advocacy for deeper trade and investment ties between Nigeria and Brazil is significant as it could lead to increased economic exchange, job creation, and the development of new business opportunities. This could also strengthen the cultural and historical ties between the two countries, fostering a more interconnected Africa and South America.
Key Details
- Bilateral Trade Volume
- US$2.4 billion (2025)
- UBA's African Presence
- 20 countries
- UBA's International Presence
- United States, United Kingdom, United Arab Emirates, France
- Green Imperative Agricultural Mechanization Programme
- US$1.1 billion
Context & Background
The relationship between Nigeria and Brazil has a long history, with Brazil's representation at Nigeria's independence celebrations in 1960 being a significant milestone. The enduring influence of Afro-Brazilian heritage in Nigeria, particularly in Lagos Aguda communities, further strengthens the cultural ties between the two countries.
Original Reporting & Sources
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