Ogun State Set to Partner with JBS, World’s Largest Protein Producer, in $2.5 Billion Investment Deal
Ogun State is poised to partner with Jose Batista Sobrinho (JBS), the world’s largest protein producer, in a multibillion-dollar investment deal aimed at boosting the state’s agricultural sector.
According to Governor Dapo Abiodun, the partnership will see JBS invest $2.5 billion in the country, with Ogun State being a key beneficiary.
Abiodun expressed excitement about the collaboration, stating that Ogun State provides the right environment for businesses like JBS to thrive. He noted that the state’s agricultural and manufacturing sectors will experience significant growth as a result of the partnership.
The governor highlighted the state’s infrastructure developments, including a special livestock production zone, a premier agro-processing zone, and a special agro-airport, which make Ogun State an attractive investment destination.
Abiodun also announced that the state is set to sign a $10 million agreement with a Moroccan firm to export palm oil by-products, reflecting the state’s commitment to sustainable practices and harnessing resources that were previously discarded.
The governor expressed confidence that the partnership with JBS will be successful, citing the state’s robust business environment, skilled workforce, and dedication to fostering a thriving industrial ecosystem.
