President Tinubu Invites JBS S.A Brazil To Invest In Livestock Development In Nigeria

President Tinubu has met with the executives of JBS S.A Brazil led by Founder and President, Mr Wesley Batista in Rio.

 

JBS is the second largest integrated beef and poultry products processing company in the world with subsidiaries in over 50 countries including United States, UK, Mexico, Canada, Saudi Arabia, Netherlands among others.

 

In the first 10 months of this year 2024 the company has generated $79billion dollars in revenue, employing over 200,000 people across all its global operations and 70,000 workers in Brazil alone.

JBS signed a Letter of Intent to invest in Nigeria and partner with Nigerian investors to develop the livestock sector of the agricultural value-chain.

Speaking during the meeting, President Tinubu said: “What we are doing right now is that we are solving a problem that afflicted humanity in our 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.

“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.”

At the with President Tinubu were Co-Chairman of the Presidential Committee on Livestock Reform, Professor Attahiru Jega, Niger State Governor, Mohammed Umaru Bago, Minister for Livestock Development, Alhaji Idi Mukhtar, Minister of State, Ministry of Finance, Doris Uzoka-Anite and Chairman of Flour Mill, John Coumantaros among others.