Six years after its initial agreement, Nigeria and Brazil have officially signed the commercial phase of the $1.1 billion Green Imperative Project (GIP), marking a significant step toward enhancing food security and agricultural productivity in Nigeria.
Speaking at the signing ceremony of the deal at the Presidential Villa, Abuja, Vice President Kashim Shettima, said the project aligns with President Bola Tinubu’s administration’s commitment to economic growth, policy continuity, and private-sector-driven agricultural development.
GIP, the largest agricultural project in Africa which priotises the development of sustainable, low-carbon agriculture, aims to develop structural conditions to boost food production in Nigeria efficiently and competitively.
The deal for the $1.1 billion GIP 1 was signed in 2018, while the $4.3 billion phase 2 of the project and the $2.5 billion JBS were signed in Brazil during President Tinubu’s visit to that country last year.
Shettima has described the signing of the commercial phase of the GIP 1 as part of ongoing efforts by the administration of President Tinubu to enhance food security in the country.
