TRIBUNE
President Bola Ahmed Tinubu has called on JBS S.A, one of the top three largest meat processing companies globally, to consider investment in Nigeria’s livestock sector, saying there’s hunger in Nigeria at the moment.
Tinubu said this on Thursday in Rio de Janeiro, Brazil at the signing of a Letter of Intent between the Nigerian Government and the JBS S.A.
According to the President, his administration’s renewed focus in driving international and local investments into the livestock sector of the agricultural value chain will end the crisis of farmer-herder clashes, eradicate hunger and poverty in Nigeria as well as promote economic prosperity.
Speaking on the need for investments in the sector, the President recognised JBS S.A as having global expertise in the area of guaranteeing food security, calling 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.
“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. As we talk right now, there is hunger. However, there is huge hope. And you are one of those hopes that we are looking at.”
President Tinubu told the JBS top executives that Nigeria is ready to do business with them, assuring them of a good return on their investment.
According to a statement by Bayo Onanuga, special adviser to the President on information and strategy, the President had, prior to his visit to Brazil, commissioned a team of Nigerian officials and private sector players to take 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.
READ THE FULL STORY IN TRIBUNE
