Tinubu woos Brazilian company to invest in Nigeria’s livestock sector

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President Tinubu asked the company to see the considerable potentials in the $2.5billion livestock investment opportunities in Nigeria, especially with its huge population and tap into it.

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President Tinubu said this Thursday in Rio de Janeiro, Brazil, at the signing of a Letter of Intent between the Nigerian government and the JBS S.A, one of the top three largest meat processing companies globally. The Nigerian leader called on the company to see the considerable potentials in what he called the $2.5billion livestock investment opportunities in Nigeria, especially with its huge population and tap into it, given JBS S.A’s globally recognised expertise in the area of guaranteeing food security.

Prior to his visit to Brazil, the president had commissioned a team of Nigerian officials and private sector players to take the advantage of the G20 Leaders’ Summit in Rio to conduct a study tour of Sao Paulo, Brazil and explore the opportunities in livestock development, meat processing, seed development and multiplication for key grains.

Other members of the delegation included Minister of State Agriculture and Food Security, Aliyu Abdullahi; Co-chairman Presidential Livestock Reform Committee, Attahiru Jega; the Secretary of the Committee, Mohammed Yahya, and the Chief Executive Officer of Nigerian Investment Promotion Council, Aisha Rimi.

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