President Bola Ahmed Tinubu has departed Rio de Janeiro, Brazil, for Nigeria following his participation in the 19th G20 Leaders’ Summit. The President’s plane left the Galeão Air Force Base at 10:30 a.m. local time on Saturday.
Tinubu arrived in Brazil last Sunday for the summit after meeting with Indian Prime Minister Narendra Modi during the latter’s state visit to Nigeria.
The G20 Summit, which took place from Monday, November 18, to Tuesday, November 19, 2024, brought together world leaders to discuss global economic and development challenges.
Beyond the summit, Tinubu engaged in other bilateral and economic discussions aimed at fostering Nigeria’s growth. Among these was a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who praised the administration’s economic reforms. Georgieva noted, “The economic policies implemented by President Tinubu are already showing positive indicators for Nigeria’s future.”
A significant milestone during the visit was the signing of a $2.5 billion Letter of Intent between the Nigerian government and JBS S.A., one of the world’s top three largest meat processing companies. The agreement is aimed at revitalizing Nigeria’s livestock industry and boosting agricultural development. President Tinubu personally presided over the signing ceremony, signaling his administration’s commitment to economic diversification.
The invitation to the summit came from Brazilian President Luiz Inácio Lula da Silva, the current President of the G20 group. Tinubu’s participation underscores Nigeria’s ongoing efforts to strengthen its global economic ties.
