JBS announced this Thursday (21) that it signed a memorandum of understanding with the Nigerian government for a possible investment of US$2.5 billion (around R$14.5 billion) in the most populous country in Africa.
The agreement provides for the development of a five-year investment plan that includes the construction of six factories in Nigeria, three for poultry, two for cattle and one for pigs.
According to JBS, the Nigerian government, in turn, “will ensure the economic, sanitary and regulatory conditions necessary for the viability and success of the project”.
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“JBS will develop a five-year investment plan, which will cover feasibility studies, preliminary facility designs, budget estimates and an action plan for supply chain development,” stated the company without mentioning when the plan could be completed. .
If implemented, the plan should increase the percentage of revenue that JBS obtains from the African continent, a region in which, together with the Middle East, the company obtained around 3% of revenue last year, according to company data.
