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Monday, 25 February 2013

Nigeria, Brazil trade volume hits $9 billion

Nigeria and Brazil yesterday in Abuja signed a Memorandum of Understanding (MoU) covering agriculture and food security, petroleum, power, bio-fuel, trade and investment, mining, education, aviation, infrastructure management, finance and culture.
It was the high-point of the visit of President Dilma Rousseff of Brazil to Nigeria.
President Goodluck Jonathan said at the end of bilateral talks between the two countries that a bi-national commission will be set to implement the MoU.
The MoU, according to him, will be used to “leverage on the economy of our people, improve the lot of unemployed young men and women and make sure Nigerians and Brazilians are happy people.”
Also speaking, President Rousseff said: “Our exchanges have actually outgrown significantly between 2009 and 2012, years marked by crises. Our trade exchanges have grown and for 2012 the figures come to $9billion.”
We agreed that we must diversify and make it a more balanced trade.

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