President Tinubu Courts JBS S.A for $2.5 Billion Investment in Nigeria’s Livestock Sector

President Bola Tinubu is actively engaging with Brazilian meat-processing giant JBS S.A to tap into the $2.5 billion investment opportunities available in the sector. The initiative is part of his administration’s broader strategy to attract both international and local investments aimed at revitalizing the industry.

The president has emphasized the importance of developing Nigeria’s livestock sector, emphasizing its potential to address long-standing issues such as farmer-herder conflicts, hunger, and poverty, while driving economic growth and prosperity.

“Investing in this sector can convert challenges into opportunities, fostering a stronger economy and improved livelihoods,” he stated in a recent meeting with investors.

To solidify this partnership, the Nigerian government has signed a Letter of Intent with JBS S.A, one of the world’s top three largest meat-processing companies. JBS S.A has expressed optimism about Nigeria’s potential, highlighting the country’s large population as a significant factor in becoming a hub for livestock production and protein supply across Africa.

JBS S.A is exploring collaborative opportunities with Nigeria to modernize the livestock industry, improve meat production, and position the country as a leading supplier of protein products to neighboring African nations.