The Federal Government and Fundação Getulio Vargas (FGV) of Brazil have signed a Memorandum of Understanding (MOU) to advance private sector development in fertilizer production, hybrid seed technology and agricultural finance.
According to a statement from the presidency and signed by the director of information and public relations, Abiodun Oladunjoye, the deal was signed through the ministry of agriculture and food security, noting that the agreement marks a new phase of strategic collaboration between Nigeria and Brazil
Oladunjoye explained that the project aims to deliver transformative agricultural technologies and knowledge transfer over its 10-year duration.