Ogun to Benefit as World’s Largest Protein Producer Invests $2.5bn in Nigeria
Ogun State is set to receive a major economic boost with the announcement of a $2.5 billion investment by JBS of Brazil, the world’s largest protein producer.
The investment, which is part of a strategic partnership between JBS and the Ogun State Government, is expected to transform the state’s livestock subsector and create new opportunities for farmers, entrepreneurs, and communities.
According to sources, JBS representatives, led by Mr. Wesley Batista and Mr. John Coumantaros, met with Ogun State officials at the Government Office in Oke-Mosan, Abeokuta, to finalize the investment plans.
The Ogun State Government highlighted the state’s strategic advantages, including its prime location, well-developed infrastructure, and abundant natural resources, as key factors that attracted the investment.
With over 16,000 square kilometers of land, a thriving industrial base, and the best agro-dedicated airport in Nigeria, Ogun State is poised to become a major hub for agricultural production and processing.
The $2.5 billion investment is expected to have a significant impact on the state’s economy, creating jobs, stimulating economic growth, and improving the livelihoods of citizens.
