Today, I chaired the inter-ministerial review meeting to coordinate Nigeria’s preparations for the second session of the 2025 Nigeria–Brazil Strategic Dialogue Mechanism (SDM), scheduled for June 2025 in Abuja.
It emerged from the meeting, among other things, that Petrobras, the state oil company of Brazil, is seeking to re-enter Nigeria’s oil sector, with a specific interest in frontier deepwater acreage.
We have not maximally capitalised on the fraternity between us and Brazil, but it is better late than never. The upcoming SDM presents an opportunity to execute sector-specific Memoranda of Understanding (MoUs) and unlock investment flows.
