JBS S.A., the world's largest meat producer, has announced a major investment plan in Nigeria, marking its first expansion into Africa.
The Brazilian multinational company has signed a memorandum of understanding with the Nigerian government to invest $2.5 billion in the country.
This ambitious project includes the construction of six new factories, with three dedicated to poultry, two to beef, and one to pork processing.
The investment is part of a five-year plan that will involve feasibility studies, budget estimates, and an action plan for developing the local supply chain. In return, the Nigerian government has committed to ensuring the necessary economic, sanitary, and regulatory conditions to support the project's viability.
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