NIGERIA EYES LIVESTOCK INVESTMENT AS GAME CHANGER
By Olayiwola Ibrahim // President Bola Tinubu on Friday emphasized that his administration’s focus on attracting international and local investments into the livestock sector will address the ongoing farmer herder clashes in Nigeria.
Speaking in Rio de Janeiro, Brazil, during the signing of a Letter of Intent between the Nigerian government and JBS S.A., a leading global meat processing company, Tinubu highlighted the potential of the sector.
What we are doing right now is that we are solving a problem that afflicts humanity in that part of Africa, clashes between farmers and migrating cows that have caused some life and bloodshed when there is a modern, civilized way to solve those problems and even bring a successful economy out of it.
Tinubu said we are trying to turn a situation of tragedy, hopelessness into economic opportunity, see through problems and see the opportunity that is involved in it.
Presidency urged JBS executives to tap into Nigeria’s $2.5 billion livestock investment opportunities, citing the country’s large population and the company’s recognized expertise in food security.
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 noting that 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.
Before his visit to Brazil, Tinubu had directed a team of Nigerian officials and private sector leaders to explore livestock development, meat processing, and seed development opportunities during the G20 Summit in Rio, with a focus on São Paulo’s livestock sector.
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