The Federal Government of Nigeria and Brazil have officially launched the commercial phase of the $1.1 billion Green Imperative Project (GIP). The initiative, the largest of its kind in Africa, is set to enhance agricultural productivity, strengthen food security, and attract private-sector investments into Nigeria’s agribusiness landscape.
At the signing ceremony in Abuja on Monday, Vice President Kashim Shettima described the project as a strategic opportunity to stimulate economic growth, boost investor confidence, and integrate smallholder farmers into Nigeria’s expansive agricultural value chain.
The Brazilian Ambassador to Nigeria, H.E. Carlos Garcete, expressed his country’s pride in collaborating on this transformative initiative. He emphasized that the project would facilitate the importation of agricultural equipment, including tractors and spare parts, with local assembly and job creation in Nigeria.
“Over the past seven years, negotiations have been ongoing with the Nigerian government to secure funding from private and regional development banks. Now, with the commercial phase activated, this ambitious project will significantly strengthen Nigeria’s agricultural sector,” Garcete stated.
The Green Imperative Project is part of a broader agricultural transformation agenda. The first phase of the project, valued at $1.1 billion, was initially signed in 2018. It is now being followed by the $4.3 billion second phase and an additional $2.5 billion Joint Biosecurity Scheme (JBS), both signed in Brazil during President Bola Ahmed Tinubu’s visit last year—bringing the total investment to approximately $8 billion.
The project is structured to establish sustainable, low-carbon agricultural practices while developing a solid framework for competitive food production.
This landmark agreement further strengthens Nigeria-Brazil diplomatic ties, positioning Nigeria as a leading hub for modernized agriculture and global agribusiness investments.
