Brazilian protein giant JBS has unveiled a $2.5 billion plan to build six meat-processing facilities in Nigeria, marking a bold step in its global expansion strategy and a commitment to addressing food insecurity in the region.
Details of the Investment
The agreement between JBS and the Nigerian government outlines the establishment of three poultry facilities, two beef plants, and one pork processing unit. Over the next five years, JBS will conduct feasibility studies, design planning, and budget estimations, while working on an action plan to strengthen local supply chains.
In return, the Nigerian government has committed to ensuring favorable economic, sanitary, and regulatory conditions to facilitate the project’s success.
Tackling Food Insecurity
With 24.8 million Nigerians facing hunger, according to the World Food Programme, JBS’s investment aligns with the country’s National Food Security Plan. JBS CEO Gilberto Tomazoni emphasized:
“A sustainable food production chain can generate socio-economic progress, particularly for vulnerable groups.”
Protein production currently represents 10% of Nigeria’s GDP but meets only 40% of local demand. By supporting small producers and promoting sustainable agricultural practices, JBS aims to bridge this gap and improve food access across the country.
Fostering Sustainable Practices
JBS plans to apply its global initiatives, such as Brazil’s Green Offices program, to Nigeria. This program offers free technical support to farmers, helping them boost production efficiency while adhering to high environmental standards. In Nigeria, similar initiatives will encourage sustainable agricultural practices to enhance productivity while protecting the environment
Socio-Economic Impact
The new facilities are expected to generate a “virtuous cycle” of development in Nigeria, creating jobs, improving food access, and boosting local economic opportunities. By sharing expertise in agro-industrial supply chains and best practices, JBS aims to enhance Nigeria’s productive capacity and establish a robust and sustainable production system.
“Our collaboration will support Nigeria’s National Food Security Plan and drive socio-economic progress by sharing JBS’s expertise,” said Tomazoni.
JBS’s Global Expansion
This investment in Nigeria is part of JBS’s broader global strategy. Earlier this year, the company announced plans to quadruple chicken production in Saudi Arabia, expand salmon farming in Australia, and add a new beef patty production line in Canada.
By investing in Nigeria’s meat-processing sector, JBS reinforces its commitment to sustainable growth and meeting the protein needs of underserved regions.