President Tinubu promises relief amid hunger in Nigeria, announcing a $2.5 billion livestock sector partnership with global meat giant JBS. The initiative aims to address food insecurity, reduce farmer-herder conflicts, and attract investments to boost Nigeria’s economy.
President Bola Tinubu has acknowledged the persistent hunger crisis in Nigeria but assured citizens that his administration is working towards solutions. Speaking in Rio de Janeiro, Brazil, Tinubu emphasized his government’s focus on attracting investments in the livestock sector to address farmer-herder clashes and foster economic growth.
At the signing of a Letter of Intent between Nigeria and JBS S.A., a global meat processing giant, Tinubu highlighted the sector’s investment potential, valued at over $2.5 billion. He described the partnership as a transformative step to mitigate conflicts and turn challenges into opportunities.
“Food security is paramount. While hunger remains a reality, we are committed to creating hope. This agreement signifies a new era for Nigeria's agricultural value chain,” Tinubu stated.
Tinubu assured JBS executives of a profitable investment climate in Nigeria, expressing optimism about the partnership's impact on the nation’s economy and stability.
Wesley Batista, President of JBS, noted that the company, which generates $79 billion in annual revenue and employs thousands in Brazil, is ready to contribute to Nigeria’s agricultural development.
This initiative is part of Tinubu’s broader strategy to enhance food security and reduce economic challenges. Citizens, however, remain skeptical, with reactions on social media reflecting doubts about the promised “hope.”
