President Tinubu Secures $2.5 Billion Livestock Investment In Brazil

President Bola Ahmed Tinubu during the G20 summit in Brazil has achieved a groundbreaking $2.5 billion investment in the livestock sector of the country through a partnership with JBS, the world’s largest beef exporter. This project places Niger State at the heart of the agricultural revolution, showcasing its critical role in driving the nation’s economic growth.

Niger State has promised 1.2 million hectares of land to the project, aligning with Tinubu’s vision for agricultural development. The land will be utilized for pasture production, ranching, and livestock farming, modeled after Brazil’s successful agricultural practices. Niger State, home to the largest livestock population in Nigeria, is set to become the major production hub of this historic initiative.

During the agreement signing, President Tinubu emphasized the importance of agriculture in tackling hunger and spurring economic growth. “With Niger State’s dedication and Brazil’s expertise, we are charting a new course for prosperity in Nigeria,” Tinubu said. He promised to work closely with Niger State to ensure the project not only strengthens food security but also creates opportunities for Nigerians.

Governor Umaru Bago highlighted the broader economic impact of the initiative, citing the potential to create one million jobs, 100,000 new homes in farm estates, and the development of 100 agricultural facilities. He also pointed to infrastructure projects like the Sokoto-Badagry Highway, of which 125km pass through Niger State, as key enablers of this agricultural revolution.

The collaboration also extends to Nigeria’s sugar industry, with plans to use sugarcane byproducts as livestock feed, enhancing synergies between sectors. A delegation from Nigeria, including Professors Attahiru Jega and Yahaya Kuta, is currently in Brazil studying advanced livestock production techniques to ensure the project’s success.

This investment is expected to solidify Nigeria’s position as a global agricultural player, with Niger State driving the transformation under President Tinubu’s leadership.