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.
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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.
