Nigeria partners Brazil to modernize livestock sector with US$2.5B investment

NIGERIA – The Nigerian government has entered into a partnership with Brazil to enhance the country’s livestock sector through advanced genetics, modern feeding techniques, and improved disease management strategies. 

The initiative aims to boost production, increase exports, and strengthen Nigeria’s position in the global agricultural market.

Minister of Livestock Development Alhaji Idi Maiha announced the collaboration during the Nigeria-Brazil Trade Mission in Abuja, stating that the government had secured a US$2.5 billion agreement with Brazil to support livestock development. 

The deal will focus on improving breeding programs, transportation infrastructure, and overall industry efficiency.

Expanding trade and investment

The establishment of the Federal Ministry of Livestock Development has attracted interest from both local and international investors eager to explore Nigeria’s agricultural potential. 

Maiha noted that the government intends to position the livestock sector as a key driver of economic growth, employment creation, and poverty reduction.

Despite long-standing cultural ties between Nigeria and Brazil, trade between the two nations has remained low. However, efforts are underway to strengthen economic relations, particularly in agriculture and livestock. 

Brazilian Ambassador to Nigeria Carlos Garcete revealed that both countries will sign a US$1.2 billion Memorandum of Understanding in February under the Green Imperative Programme. 

Under this agreement, Brazil will supply Nigeria with tractors and other agricultural equipment to enhance food production and security.

Private sector investments in livestock processing

In addition to government-led initiatives, private sector investments are playing a role in Nigeria’s livestock modernization. 

Brazilian meat processing giant JBS committed US$2.5 billion last year to establish six meat-processing plants in Nigeria. 

The company, which generated nearly US$73 billion in global revenue in 2023, formalized the deal through a memorandum of understanding.

JBS’s five-year investment plan includes feasibility studies, budget planning, and measures to strengthen Nigeria’s supply chain. 

As part of the agreement, Nigeria will provide the necessary economic, sanitary, and regulatory framework to facilitate the project. 

State-level developments in livestock farming

At the state level, Kogi has taken steps to advance livestock development. The 8th Parliament in Kogi State has screened and confirmed Dr. Bolarin Olufemi as Commissioner for the Ministry of Livestock Development. 

Olufemi is expected to oversee livestock farming initiatives, explore innovations to enhance self-sufficiency, create employment, generate revenue, and boost the state’s economy.

Minister of Agriculture and Food Security Abubakar Kyari emphasized that the government is working on policies to facilitate trade and collaboration among agricultural stakeholders. 

These efforts are expected to create an enabling environment for both public and private sector investments in Nigeria’s livestock industry.