President Bola Tinubu of Nigeria witnessed the signing of a significant Letter of Intent between the Nigerian Federal Government and JBS S.A., the world’s largest meat processing company, on November 21, 2024, in Brazil.

This agreement signifies a commitment to potential collaboration aimed at bolstering Nigeria’s agricultural and meat processing sectors. The signing marks a step towards enhancing food security and creating economic opportunities, with JBS S.A. potentially bringing its expertise and investments into Nigeria.