₦airaland Forum

The federal government has signed a letter of intent with the JBS S.A, a top global meat processing company, for investment in Nigeria’s $2.5 billion livestock sector.

According to a statement by Bayo Onanuga, presidential spokesperson, President Bola Tinubu witnessed the signing ceremony on November 21, in Rio de Janeiro, Brazil.

Speaking at the event, Tinubu said his administration’s focus to boost investments into the livestock sector will address farmer-herder conflicts, eradicate hunger, and poverty, and promote economic prosperity.

“What we are doing right now is that we are solving a problem that afflicted humanity in that part of Africa, clashes between farmers and migrating cows that have caused some life and bloodshed when there is a modern, civilized way to solve those problems and even bring a successful economy out of it,” he said.

“We are trying to turn a situation of tragedy, hopelessness into economic opportunity, see through problems and see the opportunity that is involved in it.”

Given JBS S.A’s internationally renowned competence in ensuring food security, Tinubu urged the company to identify the significant potential in Nigeria’s “$2.5 billion livestock investment opportunities”, particularly given its large population.

“We’ve heard so much about you in terms of the reputation, and we believe in the partnership we are forging today,” Tinubu said.

“Food security is extremely important. As we talk right now, there is hunger. However, there is huge hope. And you are one of those hopes that we are looking at.”

The president told the company’s top executives that Nigeria is ready to do business with them, assuring a positive return on their investment.

In his remarks, Idi Mahia, minister of livestock development, who led the delegation, told the president that the team conducted a comprehensive tour of global companies, showcasing their scale, integrated operations, and advanced technology deployment.

He added that from their interactions with various companies, JBS S.A. was selected, being the second largest meat processing company in the world, with the capacity to process 33,000 cattle daily and over eight million birds daily, using advanced zero-waste practices.

Wesley Batista, founder and president of the JBS Group, said the company is Brazil’s largest employer of workers, generating over $79 billion in revenue already in 2024.

“We are glad to work with Nigeria to work together to develop the livestock industry there. We think it’s a good opportunity for our business in Nigeria and Africa as we believe Nigeria can be the center of supply of protein to many countries in Africa,” he said.

Batista said the company hopes to be in Nigeria as soon as possible.

babasolution:
Beggars,thess major tribes are just ancients eternal beggers

simpleseyi:
Easy to identify children from broken homes.

JAGABAN is trying to retire the Fulanis and their cows once and for all

jmoore:
20 years later, same clowns hailing this move will start cursing the Brazilian company, same way they are doing to MTN and DSTV.

PressMyButton:
The federal government has signed a letter of intent with the JBS S.A, a top global meat processing company, for investment in Nigeria’s $2.5 billion livestock sector.

According to a statement by Bayo Onanuga, presidential spokesperson, President Bola Tinubu witnessed the signing ceremony on November 21, in Rio de Janeiro, Brazil.

Speaking at the event, Tinubu said his administration’s focus to boost investments into the livestock sector will address farmer-herder conflicts, eradicate hunger, and poverty, and promote economic prosperity.

“What we are doing right now is that we are solving a problem that afflicted humanity in that part of Africa, clashes between farmers and migrating cows that have caused some life and bloodshed when there is a modern, civilized way to solve those problems and even bring a successful economy out of it,” he said.

“We are trying to turn a situation of tragedy, hopelessness into economic opportunity, see through problems and see the opportunity that is involved in it.”

Given JBS S.A’s internationally renowned competence in ensuring food security, Tinubu urged the company to identify the significant potential in Nigeria’s “$2.5 billion livestock investment opportunities”, particularly given its large population.

“We’ve heard so much about you in terms of the reputation, and we believe in the partnership we are forging today,” Tinubu said.

“Food security is extremely important. As we talk right now, there is hunger. However, there is huge hope. And you are one of those hopes that we are looking at.”

The president told the company’s top executives that Nigeria is ready to do business with them, assuring a positive return on their investment.

In his remarks, Idi Mahia, minister of livestock development, who led the delegation, told the president that the team conducted a comprehensive tour of global companies, showcasing their scale, integrated operations, and advanced technology deployment.

He added that from their interactions with various companies, JBS S.A. was selected, being the second largest meat processing company in the world, with the capacity to process 33,000 cattle daily and over eight million birds daily, using advanced zero-waste practices.

Wesley Batista, founder and president of the JBS Group, said the company is Brazil’s largest employer of workers, generating over $79 billion in revenue already in 2024.

“We are glad to work with Nigeria to work together to develop the livestock industry there. We think it’s a good opportunity for our business in Nigeria and Africa as we believe Nigeria can be the center of supply of protein to many countries in Africa,” he said.

Batista said the company hopes to be in Nigeria as soon as possible.

https://www.thecable.ng/fg-brazil-meat-processing-firm-sign-deal-to-invest-in-nigerias-2-5bn-livestock-sector/

SmartPolician:
If the company can recruit the herdsmen so they can stop clashing with farmers, why should anyone complain?

I expected state governors to invest massively in animal husbandry and mechanised farming, but everyone is obviously obsessed with handouts from Abuja

Napata77:
Well done Mr President.

We can see that you are trying to solve the nation's problems.

PLEASE IGNORE THE EMPTY-HEADED BUFFOONS CRITICISING YOU.

The only 'solution' in their empty heads is for you to reintroduce FUEL SUBSIDIES so that they can enjoy free oil.

That is ALL they know.

IGNORE THEM and continue using your brain to devise realistic, sustainable paths forward for the nation.

simpleseyi:
Easy to identify children from broken homes.

JAGABAN is trying to retire the Fulanis and their cows once and for all

“What we are doing right now is that we are solving a problem that afflicted humanity in that part of Africa, clashes between farmers and migrating cows that have caused some life and bloodshed when there is a modern, civilized way to solve those problems and even bring a successful economy out of it,” he said.

“We are trying to turn a situation of tragedy, hopelessness into economic opportunity, see through problems and see the opportunity that is involved in it.”

Tinubu, who is believed to be seeking to contest the 2023 presidential election, said these in a statement on Saturday.

According to him open grazing is no longer tenable and he suggested that herdsmen should be assisted to transit to modern method of doing their business to increase their profits and to boost food production in the country.

If followed, Tinubu said, the suggestion would also address the problem of killing and destruction of property which had been on the increase in the recent times.

simpleseyi:
Easy to identify children from broken homes.

JAGABAN is trying to retire the Fulanis and their cows once and for all