NVMA lauds multinational’s $2.5billion investment in Nigeria’s livestock sector

The Nigeria Veterinary Medical Association (NVMA) has applauded the investment of $2.5billion by a multinational company JBS Group into the country’s livestock sector.

JBS Group, the second largest meat processing operator globally, reportedly can process 33,000 cattle and over 8 million birds daily using advanced zero-waste practices.

The President of the Nigerian Veterinary Medical Association, Dr Moses Arokoyo, in a statement, commended President Bola Ahmed Tinubu, the Minister of Livestock Development, and the Minister of Agriculture and Food Security forging a partnership with the multinational company.

He said veterinary services of the country also contributed significantly to the achievement, as the eradication of Rinderpest and control of FMD, as well as other emerging and re-emerging transboundary animal diseases created an enabling environment for commodity-based trade and export and also imposed confidence in foreign investors.

Arokoyo stated that JBS Group is the largest employer of labour in Brazil, with presence in about 50 countries and over $79 billion in revenue in 2024.

Arokoyo said the investments in the livestock sector will bring solutions around food security, and employment creation for the teeming youth population and make for agricultural technology transfer to even the 774 local government areas of the nation.

He pledged the continued commitment and willingness of the veterinary professionals in the nation across all cadres and specialisation to support and participate actively in the actualization of the project.