Tinubu Embarks on Diplomatic Mission to Saint Lucia and Brazil for BRICS Summit

 President Bola Tinubu departed Abuja today for a dual diplomatic mission to Saint Lucia and Brazil, aiming to bolster Nigeria’s global economic standing. In Saint Lucia, Tinubu will hold bilateral talks with Prime Minister Philip J. Pierre to enhance trade ties, focusing on Nigeria’s $2 billion annual agricultural exports, particularly cassava and cocoa, which could create 10,000 jobs. 

He will then attend the BRICS Summit in Brasília on June 30, engaging leaders from Brazil, Russia, India, China, and South Africa to advance Nigeria’s bid for associate membership, potentially unlocking $50 billion in trade by 2030.

The Saint Lucia visit includes negotiations for a $500 million renewable energy partnership, leveraging Nigeria’s 10,000 MW solar potential to address its 12,000 MW power deficit. At the BRICS Summit, Tinubu will advocate for reforms to address the $1 trillion emerging markets deficit, emphasizing Nigeria’s role in the African Continental Free Trade Area, which accounts for 25% of African trade. Accompanied by Foreign Minister Yusuf Tuggar and Trade Minister Doris Uzoka-Anite, Tinubu aims to secure $5 billion in foreign direct investment, building on his 2024 UK trade pact that attracted $2 billion.

The trip has drawn criticism from opposition leader Atiku Abubakar, who questions its timing amid Nigeria’s 33% inflation and 4.2% unemployment. Supporters argue it will boost Nigeria’s $400 billion GDP, with potential to create 50,000 jobs through new trade deals. Tinubu is expected to return on July 5, with a detailed report to the National Assembly outlining economic gains and commitments.