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Kolawole Adesina
2 weeks ago
Overview
Nigeria, Brazil seal $1.1bn Green imperative project to boost agriculture
Six years after its initial agreement, Nigeria and Brazil have officially signed the commercial phase of the $1.1 billion Green Imperative Project (GIP), marking a significant step toward enhancing food security and agricultural productivity in Nigeria.
Vice President Kashim Shettima, speaking at the signing ceremony at the Presidential Villa, Abuja, emphasised the project aligns with President Bola Ahmed Tinubu’s administration’s commitment to economic growth, policy continuity, and private-sector-driven agricultural development.
GIP, the largest agricultural project in Africa which prioritises the development of sustainable, low-carbon agriculture, aims to develop structural conditions to boost food production in Nigeria in an efficient and competitive manner.
The MoU for the $1.1 billion GIP 1 was signed in 2018 while the $4.3 billion phase 2 of the project and the $2.5 billion JBS were signed in Brazil during President Bola Ahmed Tinubu’s visit to that country last year.
Shettima described the signing of the commercial phase of the GIP 1 as part of ongoing efforts by the administration of President Tinubu to enhance food security in the country.
