None
EN
Stop implementation of JBS’ $2.5bn deal, farmers, CSOs tell FG
['.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright', 'Display Table .Wp-Block-Co-Authors-Plus-Avatar.Aligncenter Display Table Margin-Inline Auto']
Daily Trust
Farmers, members of the civil society organizations (CSOs) and community leaders have called on the Federal Government to halt implementation of a $2.5 billion investment plan it entered into with Brazilian meatpacking giant JBS.
Daily Trust reports that JBS had entered into a memorandum of understanding (MoU) with the Nigerian government for a $2.5 billion investment plan, to construct six new meat factories in Nigeria aimed at developing the country’s meat processing sector.
SPONSOR ADJBS is a Brazilian multinational corporation and one of the world’s largest meat producers, specializing in beef, poultry, and pork, with operations in multiple countries.
According to a report by Reuters, three of the factories would deal in poultry, two in beef and one in pork.
JBS Global Chief Executive Officer Gilberto Tomazoni explained that JBS’ objective is not just to build new factories, but also to contribute to solving critical challenges such as food insecurity and fostering socioeconomic progress.