UBA's Alawuba Advocates for Nigeria-Brazil Trade Growth

On September 16, 2026, Alawuba, the group managing director/chief executive of United Bank for Africa (UBA) Plc, advocated for stronger trade and investment relations between Nigeria and Brazil during the celebration of Brazil’s National Day in Abuja. He highlighted opportunities for collaboration in agriculture, manufacturing, energy, technology, and the creative industries.

Alawuba noted the historical ties between the two nations, referencing Brazil’s participation in Nigeria’s independence celebrations in 1960 and the influence of Afro-Brazilian heritage in Nigeria. He stated that bilateral trade in goods was approximately US$2.4 billion in 2025, indicating significant potential for growth.

Alawuba cited the US$1.1 billion Green Imperative Agricultural Mechanisation Programme as an example of how Brazilian expertise could enhance Nigerian productivity and food security. He emphasized UBA's pan-African presence and commitment to fostering trade and investment between Africa and Brazil, expressing optimism for shared economic prosperity.