By Abimbola Bamgbose
Ogun State and a foreign investor known as Jose Batista Sobrinho, JBS, are partnering to improve Nigeria’s livestock sector with the state in line to reap substantially from a $2.5 billion investment.
While receiving the controlling shareholder of Jose Batista Sobrinho, JBS, Mr Wesley Batista who led his team to the governor’s office in Oke-Mosan, Abeokuta, Governor Dapo Abiodun highlighted Nigeria’s strategic position as Africa’s most populous nation.
Governor Abiodun emphasized the state’s commitment to infrastructure development, including power generation and distribution, assuring the investors that industries operating within the state would benefit from Nigeria’s most cost-effective power supply.
The governor reaffirmed his administration’s significant investments in security to safeguard lives and property and pledged to collaborate with President Bola Tinubu’s administration to enhance food security and mitigate food scarcity and inflation in Ogun State and Nigeria at large.
The controlling shareholder of JBS, Mr Wesley Batista, emphasized the country’s vast potential in human and natural resources and expressed his company’s readiness to leverage its expertise in livestock production to contribute to Nigeria’s economic development.
Also speaking, Chairman of Flour Mills of Nigeria, FMN, Mr John Coumantaros lauded Governor Abiodun’s efforts in expanding infrastructure, which he said has driven increased investment and economic development.
Mr Coumantaros also noted that President Tinubu’s administration is focused on improving Nigeria’s macroeconomic conditions through major infrastructure projects spanning the country.
In her remarks, Chief Executive Officer of the Nigeria Investment Promotion Commission, NIPC, Aisha Rimi, stated that the meeting followed a technical assessment conducted by JBS to evaluate Ogun State’s investment potential.
She confirmed that the company plans to invest $2.5 billion over the next five years, with Ogun State set to be a key beneficiary of this initiative.
Subscribe to our Telegram and YouTube Channels and also join our Whatsapp Update Group.