Rio de Janeiro (Brazil), Nov. 22, 2024 – President Bola Tinubu has promised to reform the livestock sector in Nigeria in the bid to check farmer-herder clashes, hunger as well as poverty.
He made the promise on Thursday in Rio de Janeiro, Brazil while signing of a Letter of Intent between Nigeria and the JBS S.A, one of the top three largest global meat processing companies.
The president said the federal government was determined to reform the sector to attract local and international investors.
“What we are doing right now is that we are solving a problem that afflicted 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.
“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.”
Tinubu called on JBS S.A to see the considerable potential in the $2.5 billion livestock investment opportunities in Nigeria and tap into it.
“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. 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.”
Tinubu said Nigeria was ready to do business with the investors, assuring them of good returns on their investment. (GBN)
