The Bank of Agriculture (BOA) has welcomed the recent agricultural agreement signed by President Bola Tinubu and Brazil's Luiz Inácio Lula da Silva, describing it as a major step toward food security and sustainable growth.BOA said the pact, co-signe… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader BOA hails Tinubu-Brazil pact, says deal will boost Nigerian farmers By Busola Bamidele on September 1, 2025 The Bank of Agriculture (BOA) has welcomed the recent agricultural agreement signed by President Bola Tinubu and Brazil's Luiz Inácio Lula da Silva, describing it as a major step toward food security and sustainable growth. BOA said the pact, co-signed by its MD, Ayo Sotinrin, and Brazil's National Bank for Economic and Social Development chief, Aloizio Oliva, will unlock new opportunities for Nigerian farmers. Read also: NGX loses N439bn as investors trade cautiously BOA hails Tinubu-Brazil pact, says deal will boost Nigerian farmers Pharmacists blame FG, NAFDAC as drug prices soar, threaten SMEs FG, BoI roll out N75bn support fund for 75,000 SMEs How to build influence without a fancy title The deal covers urea production for export, joint seed technology investment, and a credit facility for agricultural equipment to support both small and large-scale farmers. Analysts believe the partnership could transform Nigeria into a top agricultural exporter through technology transfer, increased productivity, and stronger bilateral ties.

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