According to a statement by Tinubu's spokesperson, Bayo Onanuga, the President spoke in Rio de Janeiro, Brazil, during the signing of the Letter of Intent between the Nigerian Government and JBS S.A, one of the top three largest meat processing companies globally. Tinubu told the JBS executives that Nigeria is ready to do business, assuring them of good returns on their investment.
” The Nigerian leader called on the company to see the considerable potential 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 recognized expertise in the area of guaranteeing food security. “We've heard so much about you in terms of the reputation, and we believe in the partnership we are forging today. “Food security is extremely important.