President Bola Tinubu has reaffirmed his administration’s commitment to resolving the farmer-herder crisis through strategic investments in Nigeria’s livestock sector.
Speaking in Rio de-Janeiro, Brazil, on Thursday, Tinubu stated during the signing of a ‘Letter of Intent’ between Nigeria and JBS S.A., one of the world’s leading meat processing companies.
This was disclosed yesterday, in an issued statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
According to Onanuga, the initiative aligns with Tinubu’s broader agenda for agricultural transformation and economic growth. The statement said Tinubu described the partnership as a significant step towards eradicating hunger, reducing poverty, and fostering economic prosperity in the country.
It said: “The President highlighted the untapped potential of Nigeria’s livestock sector, which he valued at $2.5 billion, and urged JBS S.A. to capitalise on investment opportunities in the country. He also assured the company of good returns, stressing the importance of its role in ensuring food security for Nigeria’s large population”.
The statement further revealed that Tinubu had directed a team of Nigerian officials and private-sector stakeholders to explore opportunities in livestock development, meat processing, and seed production during the G20 Leaders’ Summit in Brazil.
Nigeria’s Minister of Livestock Development, Idi Muhktar Mahia, who led the delegation, reported extensive tours of advanced facilities in São Paulo and selected JBS S.A. for its global expertise. He described JBS as the second-largest meat processor worldwide, capable of handling 33,000 cattle and over eight million birds daily, while employing advanced zero-waste practices.
Founder and President of JBS, Wesley Batista, expressed optimism about the collaboration. He described Nigeria as a potential hub for protein supply across Africa and committed to advancing the partnership, adding that the company plans to visit Nigeria soon.
The Nigerian delegation included the Minister of State for Agriculture and Food Security, Aliyu Sabi Abdullahi, Co-Chairman of the Presidential Livestock Reform Committee, Prof. Attahiru Jega, the Committee’s Secretary, Prof. Mohammed Kuta Yahya, and Nigerian Investment Promotion Council CEO, A’isha Rimi.
