Nigerian president signs deal with Brazilian firm JBS to invest $2.5B, boosting livestock and economy.

Nigerian President Bola Tinubu has signed a Letter of Intent with Brazilian meat company JBS S.A., aiming to boost Nigeria's livestock sector and address farmer-herder conflicts. JBS S.A., the second-largest meat processor globally, plans to invest $2.5 billion in Nigeria, potentially building six factories for poultry, beef, and pork. The initiative seeks to enhance food security, reduce poverty, and drive economic growth in Nigeria.

November 22, 2024
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