No more corruption since I took over – Tinubu assures investors

President Bola Ahmed Tinubu has proclaimed a reduction in corruption levels in Nigeria since his administration began.

He made this assertion during a meeting with Brazilian investors, ministers from both nations, and members of the Brazil Business Group.

President Tinubu emphasized that Nigeria’s ongoing economic reforms are already yielding significant outcomes, stating, “there is no more corruption” since he assumed office.

In his remarks, President Tinubu highlighted Nigeria’s economic potential as a “vast, untapped market” that offers numerous opportunities for Brazilian enterprises.

He acknowledged that while the reforms implemented were initially challenging, they are beginning to show positive results, evidenced by a stronger economy.

To illustrate this improved climate of transparency, he referenced the Central Bank of Nigeria, assuring stakeholders that foreign exchange is now accessible without prior connections. He noted, “the speculators are out,” and emphasised that the currency market is now open for business.

Reflecting on his previous interactions in Brazil, the President underscored the importance of transitioning from symbolic relations to substantial economic collaboration. He remarked, “We have allowed certain issues and activities in the past to hinder our progress and fulfillment of promises, but today we declare that this will no longer be the case.”

According to a statement released by presidential spokesperson Mr. Bayo Onanuga, President Tinubu participated in a state luncheon at the Itamaraty Palace, where discussions focused on enhancing economic cooperation, advancing trade, and fostering partnerships that prioritize innovation.

With the initiation of new bilateral agreements, it is anticipated that Nigeria and Brazil will broaden their economic collaboration, creating new avenues for sustainable growth and technology exchange.