On Thursday, Brazilian meatpacker JBS announced that it and the Nigerian government had signed a memorandum of understanding for a $2.5 billion investment plan that includes the construction of six new factories in the African nation.
Three of the factories would deal in poultry, two in beef, and one in pig, according to a statement from JBS.
JBS stated that it will prepare a five-year investment plan in Nigeria based on the memorandum of agreement, including budget estimates, feasibility studies, and an action plan for developing the local supply chain.
Laptops 1000According to JBS, the Nigerian government would then guarantee the sanitary, legal, and economic circumstances required for the initiative to succeed.
