JBS, the world’s largest protein producer, plans to invest $2.5 billion in Nigeria’s livestock sector over the next five years, with Ogun State as a key beneficiary.
This was disclosed by the Governor of Ogun State, Prince Dapo Abiodun via his X handle Monday.
Batista, JBS’s controlling shareholder, highlighted Nigeria’s potential due to its large population and resources, stating that the company is ready to bring its expertise in beef, pork, and chicken production to boost the economy.
Abiodun stated that the partnership was finalized during a visit by JBS representatives, led by Wesley Batista and John Coumantaros, to his office in Abeokuta.
“Ogun State is set to benefit significantly as JBS of Brazil, the world’s largest protein producer, has committed to investing $2.5 billion in Nigeria’s livestock sub sector through a strategic partnership with us,” Abiodun said.
“We presented Ogun State’s strategic advantages, including its prime location, well-developed infrastructure, and abundant natural resources. With over 16,000 square kilometers of land, a thriving industrial base, and the best agro-dedicated airport in Nigeria, our state remains the leading destination for investment.”
Abiodun emphasized that his administration has fostered an “investor-friendly” environment by improving road networks, enhancing security, streamlining land acquisition, and boosting power generation to offer businesses the most affordable electricity in Nigeria.
“We remain committed to collaborating with President Bola Ahmed Tinubu’s administration to drive food security, economic growth, and sustainable development,” he said.
Abiodun stated that the partnership with JBS aligns with the President’s economic reforms, which prioritize investment-driven growth, job creation, and food security.
