President Bola Tinubu has emphasized his administration’s commitment to transforming Nigeria’s livestock sector through strategic local and international investments. Speaking in Rio de Janeiro, Brazil, during the signing of a Letter of Intent between Nigeria and JBS S.A., one of the world’s largest meat processing companies, the President outlined how such initiatives could resolve farmer-herder clashes, combat hunger, and spur economic growth.
President Tinubu remarked, “We are turning tragedy and hopelessness into economic opportunity. By addressing farmer-herder clashes with modern solutions, we aim to create a thriving economy and ensure food security.” He urged JBS S.A. to explore the $2.5 billion investment potential within Nigeria’s livestock sector, citing the nation’s population as a significant market driver.
The President assured JBS executives of Nigeria’s readiness to foster a mutually beneficial partnership, stating, “Food security is crucial. While hunger persists, the hope lies in partnerships like this. Nigeria guarantees a strong return on your investment.”
Minister of Livestock Development, Idi Muhktar Mahia, reported on the delegation’s extensive study tour in Sao Paulo, highlighting JBS S.A.’s global reputation and advanced operations as key factors for collaboration. JBS, which can process 33,000 cattle and over eight million birds daily, employs over 200,000 people worldwide. Founder Wesley Batista expressed enthusiasm for the partnership, declaring, “Nigeria holds vast potential to become Africa’s protein supply hub.
We look forward to advancing this opportunity together.”
The Nigerian delegation also included key figures such as Professor Attahiru Jega, co-chairman of the Presidential Livestock Reform Committee, and Aisha Rimi, CEO of the Nigerian Investment Promotion Council.
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