Brazil has reaffirmed its commitment to supporting Nigeria’s food security drive with a $2.5 billion investment by agribusiness giant JBS to strengthen sustainable supply chains and boost agricultural production.
The agreement was finalised in Brazil during President Bola Tinubu’s participation at the 2024 G20 Leaders’ Summit.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, confirmed the signing on Monday, describing it as a major boost to Nigeria’s efforts to achieve food security and rural development.
According to the Presidency, the initiative will expand local food production, create new job opportunities—particularly for young people—and promote long-term sustainability in the agricultural sector.
The development comes as Nigeria advances the Green Imperative Programme (GIP), a $1.1 billion agricultural mechanisation initiative launched in 2019. The scheme aims to assemble 10,000 tractors and 50,000 units of farm equipment in Nigeria to modernise farming practices and raise food output.
