Food and tannery group JBS has signed a memorandum of understanding (MoU) with the government of Nigeria to invest in developing supply chains for food production.

The Brazilian group will invest $2.5 billion over five years.  The agreement outlines the construction of six plants: three for poultry, two for beef and one for pork.

JBS said it will try to develop local supply chains, providing support to small producers and promoting sustainable agricultural practices.

Nigeria's population is expected to reach 400 million by 2050, up from its current 250 million, according to the United Nations.

Share this story: