APC In Brazil Proffer Solution To Nigerian Economic Recession

APC In Brazil Proffer Solution To Nigerian Economic Recession

Paul Obiajunwo, Port Harcourt


Members of the All Progressive Congress (APC) in Brazil has suggested that the only alternative and relief for Nigeria economic recession and over dependence in oil is to emulate the success story of Brazil by embarking on Agribusiness venture.

The APC Chairman, Brazil, Chief Chukwudi Kenneth Modilim  In his opening remarks during an Agribusiness Summit powered by the party in Brazil, in collaboration with Brazil Nigeria Business Consortium (BNBC) said the present economic recession has a new horizon of solution.

The  Business summit which took place  in one of  the largest commercial city of Brazil São Paulo, attracted cream of Nigerian professionals, students, industrialists and their Brazilian counterparts.

Chief Modilim, a prominent businessman, called on President Muhammadu Buhari’s economic team to appropriate the advanced solutions and researches of the Brazilian Agribusiness policy makers, and Agro agencies to its agribusiness men and women.

He said: “I want to inform you that these solutions assisted in cushioning the Brazilian’s economy from the hazardous effects of 2009-2013 world economic crises. And it has consequently salvaged the Brazilian economy from total collapse during its 2014-2016 political instability which resulted from their petroleum parastatal,( PETROBRAS, scandal)”.

The President, Brazil Nigeria Business Consortium (BNBC) Mr. Innocent Ebere Ukanyirioha, said BNBC collaborated with this event and other events hosted by eminent Nigerians in Brazil, because of  how much important they attach to Nigeria economic development

He said irrespective of individual, political inclination, political party affiliation and diversity of Nigerians living in Brazil, yet they came together to contribute and participate, adding that the project Nigeria is bigger than any political or sectional interest.

 “We solicit the collaborative assistance of the present administration and the private sector, towards beaming their searchlight In the agribusiness direction of this part of the globe. And with the framework and expertise of the APC, and BNBC we believe , a take-off ground is already in motion.”

 The Spokesman of APC, Brazil Chapter, Hon. Ike Barry Egbujie, who enumerated the extensive impact of agribusiness on the Brazilian economy, said Nigerian will come out strong from the recession if the Nigeria leaders can emulate from the story of others.

  He pointed out the statistical revenue generated by agro products compared to oil, in Brazil, which is an index that an economy can successfully thrive on agribusiness, which  he said has generated over 60 percent of Brazil export earnings.

Those in attendance include renowned experts in Agribusiness policy makers, Brazilian agribusiness agencies, the Consul General of the Federal Republic of Nigeria in São Paulo- His Excellency Muntari Abdu Kaita, the Namibian Consul General in Sao Paulo, His Excellency Thomas Bloch,

Other dignitaries in attendance were, Chief Lawrence O. Balogun, Vice Chairman APC Brazil, the Secretary-General of APC Brazil, Alhaji Farouk Sadiq,  the APC Brazil Women leader, Barrister Princess Ogechi Nwosu, Elder Lucius Udemezue, Chief Solomon, Pastor Chukwuemeka Ujor amongst others.