President Tinubu Touts Livestock Investment to End Farmer-Herder Clashes, Boost Economy
In a landmark move to tackle farmer-herder clashes and boost Nigeria’s agricultural economy, President Bola Tinubu announced a renewed focus on attracting international and local investments in the livestock sector.
Speaking in Rio de Janeiro, Brazil, on Thursday, the President emphasized that this initiative aims to end recurring crises, eradicate hunger and poverty, and drive economic prosperity.
The announcement came during the signing of a Letter of Intent between Nigeria and JBS S.A., one of the world’s largest meat processing companies. President Tinubu highlighted the $2.5 billion livestock investment opportunities in Nigeria, urging JBS to capitalize on the nation’s potential. “We are transforming tragedy and conflict into economic opportunities,” he said.
Tinubu underscored Nigeria’s commitment to fostering a partnership with JBS, lauding the company’s reputation for ensuring food security. He assured the company’s executives that their investments in Nigeria would yield substantial returns.
Ahead of this signing, Nigerian officials and private sector representatives undertook a study tour of São Paulo to explore Brazil’s advancements in livestock development and seed multiplication.
