Nobel Laureate Prof. Wole Soyinka and Central Bank of Nigeria Governor, Godwin Emefiele’s successor, Yemi Cardoso, have emphasized the need for a stronger cultural and economic relationship between Nigeria and Brazil. This call was made during a cultural event held at the Legislative Chambers of Brasília, coinciding with President Bola Tinubu’s state visit to Brazil.
Prof. Soyinka commended Presidents Tinubu and Luiz Inácio Lula da Silva for their commitment to fostering ties between Africa and its diaspora through cultural exchange. He stressed the importance of stakeholders’ involvement in ensuring a seamless and enriching process that drives economic growth. Soyinka also highlighted his ‘Return to Africa project’, which symbolizes spiritual and cultural reconnection with Africa, tracing the transatlantic slave trade route to the “Point of No Return” in Badagry, Nigeria.
According to Soyinka, the project is a “symbolic Return” that aims to reconnect with African heritage, showcasing the resilience and strength of the African people. Governor Yemi Cardoso noted that the visit presents a strategic opportunity for cultural diplomacy and economic cooperation, particularly through private sector involvement. As an Afro-Brazilian descendant, Cardoso emphasized the significance of direct flights between Nigeria and Brazil in strengthening cultural ties.
Cardoso also discussed the importance of collaboration between Brazil and Nigeria, citing President Lula’s concerns about the decline in trade between the two countries. He encouraged Brazilians visiting Nigeria to leverage the ongoing banking reforms that simplify cross-border transactions and investments. Cardoso highlighted that Nigerian banks are developing products around the diaspora, making it easier for individuals to open accounts and invest digitally.
The cultural event and state visit aim to reinforce the relationship between Nigeria and Brazil, with a focus on cultural exchange, economic cooperation, and private sector involvement. The signing of memoranda of understanding (MOUs) during the visit underscores the commitment of both countries to strengthening their ties. As Nigeria and Brazil work to revitalize their trade relationship, the emphasis on cultural diplomacy and economic cooperation is expected to yield benefits for both nations.
