Brazil has reaffirmed its role as a key partner in Nigeria’s food security efforts with a $2.5 billion investment deal signed by Brazilian agribusiness giant JBS.
The agreement aims to strengthen sustainable supply chains, boost agricultural production, and enhance local food production in Nigeria.
According to Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, the initiative will generate new job opportunities, particularly for Nigerian youth, while promoting long-term sustainability in the agricultural sector.
This development complements Nigeria’s ongoing Green Imperative Programme, a $1.1 billion agricultural mechanization project launched in 2019 to assemble 10,000 tractors and 50,000 units of farm equipment in Nigeria.
The investment is expected to modernize farming practices and improve food output in the country.
