By Samson Adeyanju
President Bola Tinubu has invited JBS S.A., one of the world’s largest meat processing companies, to invest in Nigeria’s $2.5 billion livestock sector.
Tinubu made the appeal during the signing of a Letter of Intent between Nigeria and JBS S.A. on Thursday, highlighting the potential to transform the country’s agriculture and resolve farmer-herder conflicts.
“We are turning tragedy into opportunity,” Tinubu said, referencing the farmer-herder clashes. “With modern solutions, we can create economic opportunities, eradicate hunger, and foster prosperity.”
The president emphasized Nigeria’s readiness to collaborate, citing its vast population and agricultural potential.
“Food security is vital. Hunger exists, but so does hope, and you are part of that hope,” he told JBS executives.
JBS S.A., known for processing 33,000 cattle and over eight million birds daily across 50 countries, expressed enthusiasm for the partnership.
Wesley Batista, JBS founder and president, described Nigeria as a potential hub for protein supply across Africa.
“We look forward to working with you. Nigeria offers a great opportunity for business and collaboration,” Batista said, pledging to visit the country soon.
Ahead of the president’s visit, a Nigerian delegation led by Minister of Livestock Development Idi Mahia toured JBS operations in Sao Paulo, Brazil, studying advanced livestock practices and zero-waste processing.
The delegation, which included notable figures such as Attahiru Jega and Aisha Rimi, identified JBS as a suitable partner due to its global reach, innovative technologies, and $79 billion annual revenue.
Tinubu’s outreach aligns with his administration’s focus on attracting international investment to drive food security, reduce poverty, and boost economic growth.
