By Faridat Salifu
Nigeria may soon receive investments from a Brazilian livestock firm, JBS, to develop its livestock industry, Minister of Foreign Affairs, Yusuf Tuggar, has announced.
Briefing the press on this development in Abuja, Tuggar said JBS plans to invest not only in livestock but also in feed production.
The minister’s remarks come amidst a broader context of significant investment activity facilitated by the ministry, which has secured a total of $14 billion in various sectors from India alone.
Tuggar noted the government’s commitment to livestock development with the establishment of the new Ministry of Livestock Development.
The government has also signed a €250 million investment agreement with the Netherlands to enhance local businesses and a $2 billion deal with Germany for the Nigeria-Siemens Power Project, aimed at revitalizing the power sector.