The federal government of Nigeria signed a Memorandum of Understanding (MOU) with Fundação Getulio Vargas (FGV) of Brazil, to boost agricultural development.

The MoU was signed on behalf of the government by the Permanent Secretary of FMAFS,  Temitope Fashedemi, and the President of FGV, Professor Carlos Ivan Simonsen Leal, at FGV Headquarters in Rio de Janeiro, Brazil, on the sidelines of the G20 Leaders' Summit.

Over the next five years, the project will identify and support one agribusiness in each of Nigeria’s 774 local government areas.