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 to strengthen sustainable supply chains and boost agricultural production. The agreement was concluded in Brazil during President Bola Tinubu’s participation at the 2024 G20 Leaders’ Summit.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, confirmed the signing on Monday, describing Brazil’s support as a significant boost to Nigeria’s efforts at achieving food security and rural development.
According to the Presidency, the initiative will enhance local food production and generate new job opportunities, particularly for Nigerian youth, while promoting long-term sustainability in the agricultural sector.
The development comes as Nigeria continues to advance the Green Imperative Programme (GIP), a $1.1 billion agricultural mechanisation project launched in 2019. Under the scheme, 10,000 tractors and 50,000 units of farm equipment are expected to be assembled in Nigeria, further supporting the country’s drive for modernised farming and improved food output.
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