Brazilian Firm Visits Niger, To Kick Start $2.5bn Livestock Investment

Following a $2.5 Billion Memorandum of Understanding (MoU) with a Brazilian firm for investment in the livestock sector, a team from the Brazilian protein company were in Niger state for a fact-finding mission of some livestock facilities in Minna, the State capital.

Niger State Governor Mohammed Umaru Bago, who received them, said the livestock development project between the Federal Government of Nigeria and a Brazilian firm would open more doors of development.

The Governor was upbeat about the development while hosting the Brazilian protein company’s team on a fact-finding mission to some livestock facilities in the State.

Addressing the team led by the Executive Secretary and Chief Executive Officer of the Nigerian Investment Promotion Commission (NIPC), Hajiya Aisha Rimi, he said.
the State government is indeed excited with the project as the effects of its value chain are huge.

He pointed out that it cuts across crop production and animal husbandry, among other things, adding that “it is heartwarming, having the world’s largest protein company, with a huge turnover, visit the State for investment.”

He then thanked President Bola Ahmed Tinubu for making Niger State a pilot State for such a beneficial project.

Earlier, the Executive Secretary and Chief Executive Officer of the Nigerian Investment Promotion Commission (NIPC), Hajiya Aisha Rimi, described Niger State as the food capital of the nation; thus, the State is a vital State to consider for such a project.

Representative of the firm, Fabio Maia described Nigerians as hardworking people willing to work, which he said was an asset.

He said the investment also brings about the exchange of knowledge, adding that with Nigeria’s growing population, a big market, and tremendous opportunities, the project will be a success.

After the inspection, the team expressed satisfaction with the facilities and said they were confident the project would be a massive success in the state.