The Vice President, Senator Kashim Shettima, has said Nigeria is currently witnessing a silent but resolute transformation under the administration of President Bola Ahmed Tinubu. This is coming just as Nigeria and the Federative Republic of Brazil have tweaked their strategic alliance to advance economic development in key sectors, including agriculture, food security infrastructure, clean energy, trade and industry, among others.

Senator Shettima who spoke on Wednesday during the Nigeria–Brazil Business Forum tagged, "Roots to Revenue: The Nigeria–Brazil Corridor", on day three of the Nigeria–Brazil Strategic Dialogue Mechanism (SDM), in Abuja, said the renewed strategic alliance with Brazil is grounded in intent, and rich in the potential for mutual growth.

According to him, Brazil’s journey, especially the strides in agriculture, energy, infrastructure and industrial development, speaks to ongoing transformation in Nigeria, and reflects "what is possible when technical capacity is matched with national determination. Earlier, the Vice President of Brazil, H.E. Geraldo Alckmin, reaffirmed Brazil’s commitment to strengthening bilateral relations with Nigeria through long-term cooperation, shared innovation, and mutual economic growth.

VP Alckmin described the moment as “one of the most promising” in the history of Nigeria-Brazil diplomatic and commercial relations. Highlighting the potential in key sectors such as agriculture, defence, innovation, and energy, Alckmin acknowledged that despite the strong historic and cultural ties, trade volumes between both countries are still much lower than the potential.

On Nigeria’s side, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, called for a reset in the bilateral trade dynamic, lamenting the current $2 billion trade volume, down from $9 billion a decade ago. Members of the Brazilian business delegation who spoke at the forum expressed enthusiasm about Nigeria’s investment landscape and long-term investment possibilities.