₦airaland Forum

Ogun State is set to benefit from a $2.5bn investment in livestock production in Nigeria by JBS of Brazil.

The controlling shareholder of the company, Wesley Batista, gave this indication when officials of his firm, led by the controlling shareholder of EMN, Mr John Coumantaros, visited the Ogun State Governor, Dapo Abiodun, in his office at Oke-Mosan, Abeokuta on Sunday.

Coumantaros disclosed that the investment would be in improving the production of beef, pork, chicken in Nigeria.

He said: “We have been talking and learning about Nigeria. We had the privilege to meet the Nigerian delegation in Brazil when President Bola Tinubu visited our country. We see Nigeria as the hub of Africa with a very large population.

“Though it is our first time in Nigeria, we feel that we have a lot of similarities between Brazil and Nigeria. We have a very good impression so far about Nigeria and Nigerians.

“We are serious about coming to Nigeria to invest in beef, pork, chicken, among others. We see growth prospects in Nigeria and what Nigerian leaders are doing in encouraging investors to come and make significant investments here. We can bring our knowledge and expertise to bear in Nigeria’s economy,” Coumantaros said.

According to the Controlling Shareholder, the company, across several countries of the world, processes 80,000 heads of cattle, 15 million chickens, about 25,000 heads of lamb per day.

He added that the company also produces packaged products like sausages and bacon.

The Chief Executive Officer of the Nigeria Investment Promotion Commission, Aisha Rimi, on her part, said the meeting is a follow-up to the technical team sent by the company to assess the potentials of the State for investment, adding that the company is ready to invest $2.5bn in the next five years in livestock, and Ogun State would be one of the States to benefit.

Responding, Governor Abiodun said the state, with more than 16,000 square kilometers, offers an ideal location for investments as it provides unique connections to the 17 southern states as well as the northern parts of the country.

“We have provided, in terms of infrastructure, 1,000 kilometers of highways and the best-constructed airport in Nigeria, specially dedicated to agro imports and exports.

“We are number one in non-oil, as two-thirds of the state sits on limestone. Our state is the third-largest producer of cement in Africa, trailing behind Morocco, which is second, and Egypt, which is first.

“The State also has gold, silica, bitumen, and others which are too numerous to mention. We have more gas reticulation than any other state. There are two major gas pipelines that crisscross our state,” he stated.

Governor Abiodun noted that Ogun is going into power generation and distribution, assuring that industries and companies that operate in the State would have access to the cheapest power supply in the country.

On the acquisition of land, the governor said it has been made seamless as land title documents would be made ready within 30 days, assuring that his administration has invested significantly in security to guarantee the safety of lives and properties of those who live and work in the state.

EmperorCaesar:

Finally, Ogun SG is doing aall they can to close the gap on Lagos iin the industrial and Economic sector. We really fancy this kinda healthy competition. Its good for us all

It thought perpetual wailers were telling us then that International investors have all given up on doing business with us

It turns out those negative assumptions live only in their uselessly small heart. The reality outside is very much different

God bless Nigeria

Osariemen12:
Another lie.

Show me the project in 2029.


Nothing but brown envelope journalism.

SAO PAULO, Nov 21 (Reuters) - Brazilian meatpacker JBS (JBSS3.SA), said on Thursday it has signed a memorandum of understanding with Nigeria's government for a $2.5 billion investment plan in the African country, including the building of six new factories.

In a statement, JBS said three of the factories would deal in poultry, two in beef and one in pork.

Based on the memorandum of understanding, JBS said it will build up a five-year investment plan in Nigeria, including feasibility studies, budget estimates and an action plan for local supply chain development.

The government of Nigeria, in turn, would ensure the economic, sanitary and regulatory conditions needed for the project's viability, JBS added.

Ricchy21:
If 2k is not too small for you, DM me on Whatsapp to complete a little task and get paid 0701 8723 634

EmperorCaesar:

Finally, Ogun SG is doing aall they can to close the gap on Lagos iin the industrial and Economic sector. We really fancy this kinda healthy competition. Its good for us all

It thought perpetual wailers were telling us then that International investors have all given up on doing business with us

It turns out those negative assumptions live only in their uselessly small heart. The reality outside is very much different

God bless Nigeria

Ojuntana:

How many times will the same Brazillian firm plan $2.5bn investment?

APC and lies

Una go chop propaganda tire