In a major boost to Nigeria’s livestock sector, JBS, the world’s largest protein producer based in Brazil, has announced a $2.5 billion investment in Ogun State. This move aims to enhance the country’s food security and strengthen its livestock industry. The partnership was officially unveiled by Ogun State Governor Dapo Abiodun, who shared the news on his X handle. JBS representatives, including Wesley Batista and John Coumantaros, visited the governor in Abeokuta to finalize the deal.
Governor Abiodun emphasized that Ogun State’s strategic advantages played a key role in attracting such a significant investment. The state offers a well-developed infrastructure, abundant natural resources, and a large land area of over 16,000 square kilometers. It is also home to Nigeria’s best agro-dedicated airport, making it a prime destination for industrial and agricultural investment.
The governor further highlighted the state’s investor-friendly environment, which includes improvements in road networks, security, land acquisition processes, and power generation. These developments are aimed at providing businesses with reliable and affordable electricity, creating a favorable climate for investment and economic growth. Abiodun also expressed his commitment to working with President Bola Ahmed Tinubu’s administration to ensure the success of this partnership.
This collaboration between Ogun State and JBS is expected to open up new opportunities in the livestock sector, including modern slaughterhouses, piggery, poultry farming, and broader agricultural value chains. It aligns with the national priority of food security and job creation, reflecting President Tinubu’s push for investment-driven growth and sustainable development.
SOURCE: BUSINESS DAY