News Agency of Nigeria
Nigeria secures m loan to boost women-owned businesses

Nigeria secures $50m loan to boost women-owned businesses

 

By Kamal Tayo Oropo

The Bank of Industry (BoI) has secured a 50 million dollars loan portfolio from the African Guarantee Fund (AGF).

 

This is in a bid to empower women entrepreneurs and drive economic growth in Nigeria.

 

This innovative guarantee framework agreement is backed by the African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) initiative.

 

The loan, which will be disbursed over a 10-year period, is expected to scale up BoI’s lending to Small and Medium Enterprises (SMEs) in the country, with a focus on women-owned businesses and environmentally sustainable enterprises.

 

Dr Olasupo Olusi, Managing Director and Chief Executive Officer of BOI, spoke on the sidelines of the Africa Investment Forum, Market Days 2024, which ends on Friday in Rabat, Morocco.

 

Olusi said that the partnership would propel Nigeria’s industrial sector by providing financial and business support services to enterprises.

 

“Today, we signify a collaboration that promises to drive inclusive growth, innovation, and sustainable development,” he said.

 

The News Agency of Nigeria (NAN) reports that the AGF will also provide tailored guarantees and technical assistance toward special SME products offered by BOI, targeting women, youth and green businesses.

 

This agreement is expected to unlock up to 100 million dollars in financing for SMEs in Nigeria.

 

According to Olusi, the partnership is a significant step towards promoting economic growth and reducing unemployment in Nigeria.

 

He said it also aligned with the Renewed Hope agenda of President Bola Tinubu’s administration.

 

The African Development Bank’s Vice President, Agriculture, Human and Social Development, Dr Beth Dunford, emphasised the bank’s commitment to empowering women entrepreneurs and fostering economic growth in Nigeria.

 

“This strategic partnership is a beacon of hope and progress for African businesses, particularly those led and owned by women,” she said.(NAN) (www.nannews.ng)

Edited by Ismail Abdulaziz

NiDOA pledges to promote national unity

NiDOA pledges to promote national unity

By Fortune Abang

Nigerians in Diaspora Organisation-Americas (NiDOA) General Assembly (NiDOA-GA) has restated its commitment to promote national unity and foster progress among Nigerians in the diaspora.

The NiDOA-GA stated this on Thursday in a resolution issued by Ms Bukola Sonuga, the Vice-Chairman of the NiDOA Board of Trustees, after the NiDOA-2024 Annual General Meeting (AGM) and World Conference.

The event with the theme: New Nigeria: Fresh progress, vision of united NiDO” was attended by 75 persons from Nov. 22 to 24, in Cleveland, Ohio, in the U.S.

“The assembly remains committed to advancing NiDOAs’ mission to promote unity and foster progress among Nigerians in the diaspora.

“NiDOA aims to rebuild trust, restore operational integrity and continue driving meaningful impact for Nigerians worldwide,” Sonuga said.

She said that NiDOA-GA deliberated extensively on critical issues that affect the organisation’s operational structure in a business session attended by members and two observers.

According to her, the focus is on years of disruptions, grievances and harmful activities that has undermined the organisation’s unity and credibility.

“The assembly highlighted persistent challenges, including deliberate misinterpretation of NIDOA Bylaws for personal gain, Bylaws violations and misconduct.

“ It also discussed dissemination of misinformation and defamation of the NIDOA brand, misrepresentation, impersonation and trademark infringement.

“Other issues discussed include, theft and breach of the NIDOA membership hi-database, Illegal hosting of parallel AGMs and false communications with Nigerian government officials.

“The assembly also deliberated on the
formation of unauthorised parallel NiDO-structures with fake leadership titles, alignment with the Nigerian Inspiring Development Organisation, Calgary, Canada to sabotage and undermine the activities of NiDOA.

“In spite of exhaustive efforts to reconcile with the breakaway actors, the assembly concluded that decisive action was necessary to protect the integrity and mission of NiDOA,” she said.

The vice-chairman said that the assembly with one member exception had indefinitely suspended some members for violations of established laws.

She identified such members to include Zee Nagberi, Toni Ogbanufe, Bukola Olaoye, Doyin Owobamirin, Chika Emmanuel, Uche Uzoigwe, Barth Shepkong, Chinyere Ibezim-Adom, Odion Ojo, Adeola Popoola, Noyo Edem, Michael Chukwuonye, Tokunbo Onabanjo and Collins Ikegwuonu.

She further stated that the executive members of NiDOA Board of Trustees had unanimously reaffirmed the election of its leaders to steer the organisation until the next election with a date to be determined.

The elected leaders include Dr Victor Ubani – Chairman, Sonuga – Vice-Chairman, Dr Toyin Ajayi, – Secretary-General, Mr Felix Okhifo, – Community Affairs Director, Dr Helen Abasute, – Treasurer, Dr Perpetua Uwechue, – Financial-Secretary and Mr Chris Anukwu, – Public Relations Officer. (NAN) (www.nannews.ng)

Edited by Halima Sheji

Tea promotes cultural exchange among countries, says Chinese envoy

Tea promotes cultural exchange among countries, says Chinese envoy

By Sarafina Christopher

Mr Yang Jianxing, Cultural Counselor of the Chinese Embassy and Director of China Cultural Center in Nigeria (CCCNIG), has said that tea brings people together and promotes cultural exchanges.

He said this at an event on “The Art of Tea: A Chinese Tea Ceremony ” and the unveiling of the Africa-China tourism expo 2025 on Tuesday in Abuja.

The event was hosted by the Chinese Tourism Promoters, China Cultural Center and the Chinese Embassy in Nigeria.

The envoy explained that through the ancient Silk Road, the three main commodities transported from China to foreign countries were silk, tea and porcelain.

“About 3,000 years ago, the Chinese began to grow, pick, prepare and drink tea.

“After thousands of years of development, six major tea categories including green tea, yellow tea, black tea, white tea, oolong tea and processed tea were formed.

“Thousands of tea products have been developed so far for people to drink and share. In China, the tea ceremony includes two parts: tea art and tea ceremony spirit.

“Tea art refers to the art of making tea, brewing tea, and tasting tea.

“The spirit of tea ceremony refers to improving people’s moral cultivation through tea art and cultivating the philosophical view of harmonious coexistence between humans and nature, and between humans,” he said.

Yang added that Chinese tea culture, which has health benefits and advocates cultivation of body and mind and mutual respect, has become a world-famous tea culture.

“A way of life shared by people of all countries. In 2022, research indicated that at least more than 50 countries around the world grow tea, and more than 120 countries import tea from China.

“Nowadays, tea has not only become a popular drink around the world, but also acted as a special language of global communication.

“In every country, lots of people like to drink tea with their family members and friends,” Yang said.

Mrs Olufolake AbdulRazaq, the wife of the Governor of Kwara state and Chairperson of the Governor’s wife’s Forum, said that the unveiling of the expo would foster cross-cultural understanding between Nigeria and China.

She added that it would also promote economic growth and support initiatives to boost tourism and trade.

“As you may be aware, Kwara State is fast growing into being the entertainment and tourism hub of the country.

“The state government’s investment in critical and social infrastructure is opening the state for investment, not only in tourism, but all sectors of the state’s economy,” she said.

Mr Phil Roberts, President of China Tourism Promoters, also said that tea was a unifying product that could also be used for medicinal benefits or “for the flavours”.

“It is time to promote what we have. We should really cultivate tea and do it the way it should be done and it will increase the GDP. Because of oil, we have jettisoned many value adding products in Nigeria.

“The Chinese Embassy is showing us that there are things we can use to improve the economy and to take the country to the next level.

“Nigeria has good land and it is time Nigerians think of what they can do for themselves and the country.”

Roberts also urged citizens and the government to further harness the industry.(NAN)

Edited by Ismail Abdulaziz

UK assures Nigerians of efficient visa services

UK assures Nigerians of efficient visa services

By Chinenye Offor

The United Kingdom has reaffirmed its commitment to fostering strong relationships and ensuring efficient, customer-focused visa services to Nigerians.

This is contained in a statement signed by Onyinye Madu, Senior Communications Officer at the British High Commission on Thursday in Abuja.

Madu said the commitment was made during the visit of Marc Owen, Director of UK Visas and Immigration (UKVI), to Nigeria, one of the UK’s largest visa markets.

Owen met with key stakeholders in Abuja and Lagos to discuss UK visa developments, including the global eVisa rollout and maintaining the integrity of the UK’s immigration system.

He emphasised the benefits of digitising records, such as birth and death certificates, and enhancing how records are stored, transmitted, and verified.

During his visit, Owen also toured the English language test centre at the British Council office and engaged with student councillors and UK university agents.

In Lagos, he met with stakeholders from the UK Joint Border Task Force (JBTF) and key business leaders, and visited the newly inaugurated UK Visa Application Centre (VAC) in Ikeja.

Owen cautioned visa applicants to be vigilant and reiterated the importance of using only official UKVI channels when applying for UK visas to prevent visa fraud and fake travel agents.

His visit marks a new chapter in UK-Nigeria collaboration, with promises of greater engagement and impactful outcomes.( NAN) (www.nannews.ng)

Edited by Abiemwense Moru

Ghana poll: Candidates must adhere to rule of law-Chambas

Ghana poll: Candidates must adhere to rule of law-Chambas

 

By Mufutau Ojo

Dr Mohamed Ibn Chambas, the Chairman of the African Union High Level Panel on Sudan, has called on candidates in Ghana’s forthcoming presidential election to obey the rule of law throughout the electoral process.

 

Chambas made the plea in Accra on Thursday while delivering the keynote address at the signing of a peace pact by the candidates.

 

The News Agency of Nigeria (NAN) reports that the presidential election in Ghana will hold on Dec. 7.

 

A copy of the speech delivered by Chambas at the forum was made available to NAN in Abuja on Friday.

 

Chambas said that the signing of the peace pact was a commitment to uphold the principles of fair play.

 

According to Chambas, the pact is a wake up call to party faithful and followers of candidates that there is no place for violence in democratic elections.

 

“When the Heads of State of Africa adopted the Silencing the Guns Initiative, they sought through it to build an Africa at peace with itself and with the rest of the world.

 

“Across the continent, one of the triggers of conflict has been poorly conducted elections,” he said.

 

Chambas said African leaders were desirous of bequeathing to present and future generations a peaceful continent which would would focus on underdevelopment, poverty and inequalities.

 

He said Ghana had stood out as a shining example of best practices of election management systems, technology, innovation, processes and procedures.

 

Chambas, however, warned all stakeholders against complacency, saying the burden had now shifted to the Electoral Commission, Ghana Police Service and supporting security agencies, political activists, media and judiciary.

 

” There can be no complacency. Ghana’s past successes are no guarantee or assurance of current or future performance,” he said.(NAN)

Edited by Ismail Abdulaziz

ECOWAS-MSME  collaboration excites regional entrepreneurs 

ECOWAS-MSME collaboration excites regional entrepreneurs 

 

By Mark Longyen

West African entrepreneurs under the aegis of ECOWAS Small Business Coalition(ESBC) say their collaboration with ECOWAS is crucial to achieving individual, group and subregional economic integration goals.

 

The entrepreneurs spoke in separate interviews with the News Agency of Nigeria (NAN) on the sidelines of ESBC’s inaugural exhibition and workshop in Abidjan, Ivory Coast.

 

According to them, collaboration will ensure positive interface between the ECOWAS body and entrepreneur towards meeting regional and global standards and practices in their businesses.

Mrs Amina Suleiman, CEO, MINALADI Enterprises, a Nigerian fashion designer and manufacturer, who was appointed an ESBC Ambassador, said that collaboration was their strength.

 

“That coming together, uniting, forming a coalition, is helping the SMEs to grow and I believe there’s going to be so many millionaires emerging from this event.

 

“I’ve learned a lot; from the lectures to meeting different African countries to understand that there’s actually unity when it comes to Africans coming together. We keep getting stronger when we are together.

 

“The programme is like an eye-opener for me. I’ve seen so many hardworking people. I’ve seen people that I’ve learned from and I’ll keep learning,” she said.

Mrs Sylviane Kone, from Ivory Coast, a former ECOWAS Director, Human Resources, now Managing Director, AGS Group, an Abidjan-based food processing consultancy firm, stressed the need for the entrepreneurs to collaborate.

 

She said that the essence of ESBC was to facilitate economic integration by harmonising the processing of MSMEs’ goods to produce standard products.

 

“We have to be one, we have to standardise our products if we want competitiveness.

 

“Africa with all the 15 member states of ECOWAS, like Mali are here, Niger, Burkina Faso are also here.

 

“We have to have a strong Africa. We can even export from our 15 member states. This is how we can achieve the goal of success in Africa,” she said.

 

Mahamadou Kinta, CEO, Kinta Enterprises and President, SMEs coalition in Mali, said the event was an opportunity to bring West African entrepreneurs together to agree on business models that would culminate in growing their economies.

 

Kinta noted that Mali was currently facing serious security challenges, which inhibits the free movement of goods and people, stressing that such was inimical to economic integration.

 

He urged ECOWAS and the African Union to resolve the issues because they could block the process of subregional integration.

 

“This event is about strengthening businesses in our region, so we have to come together. That’s why we appreciate this initiative coming from ECOWAS so much.

 

“We have this problem in our country, our goods and people cannot travel freely because they have so many troubles in the borders.

 

“I think this is like a tool to make all the small businesses of our countries come together to empower their businesses to grow faster and move the continent very fast,” he said.

 

Mrs Assetou Djibo, an entrepreneur from Ouagadougou, Burkina Faso, said collaboration among ESBC members was crucial to boosting their economic growth and achieving the objectives of ECOWAS economic integration.

 

“We are here to take action to fight against the forces inhibiting the growth of SMEs in West Africa.

 

“Collaboration among our members is critical to achieving the ECOWAS goal of economic integration,” she said.

For Dr Ebiekure Eradiri, President of the All Africa Association of MSMEs, said standardisation of MSME products by ensuring that they are “concurrent, uniform and acceptable” across the subregion, was key to the ESBCs success.

 

“While we appreciate the efforts and the inputs, standardisation is key.

 

“So, for businesses where SMEs are able to engage products across the West African region, we must be sure that our standards are concurrent, uniform and acceptable among ourselves.

 

“What you make of your goods for it to be acceptable in another country in West Africa is dependent on the rules and regulations of that country and we are saying that we must also think about a universal framework,” he said.

 

Ms Loido Monteiro from Cape Verde, CEO, Smart Cities Project, and ESBC Vice President, said the coalition aimed at collaborating to bring their products to new markets within ECOWAS and the world.

 

She said that through partnerships with other companies, they would grow their markets and companies, create jobs and produce ECOWAS’ future millionaires.

 

“We already have some products that we are ready to sell and we have countries that want to buy, so we are in a good state.

 

“While we have challenges of transport, and finance, we believe if we are together we can resolve these challenges and do business together, with ECOWAS’ support,” she said.(NAN) (www.nannews.ng)

Edited by Ismail Abdulaziz

Dabiri-Erewa applauds NiDO-Americas for promoting interest of Nigerians abroad

Dabiri-Erewa applauds NiDO-Americas for promoting interest of Nigerians abroad

By Fortune Abang

Mrs Abike Dabiri-Erewa, Chairman/CEO of the  Nigerians in Diaspora Commission (NiDCOM), on Tuesday, applauded the Nigerians in Diaspora Organisation-Americas (NiDOA) for advancing the common interest of compatriots living abroad.

Dabiri-Erewa praised the NiDOA leadership in a virtual address during the NiDOA 2024 Annual General Meeting (AGM) and World Conference with the theme: “New Nigeria: Fresh Progress, Vision of United NiDO” held in the U.S.

She praised the leadership of NiDOA for the efforts it has been investing to foster unity among Nigerians living abroad.

“Amidst challenges NiDO faced at the last AGM, a lot has been achieved in one year.

“We want NiDOA to continue to set the pace for advancing unity among Nigerians living abroad.

“So we look forward to working with you and encouraging all of you.

“I appeal that we all work together along with President Bola Tinubu, who is willing to work with and for NiDO in moving Nigeria forward,” the NiDCOM chair said.

On the need to establish a Diaspora Board, Dabiri-Erewa explained that all statutory boards could be constituted only by the President.

According to her, former President Muhammadu Buhari did not constitute some boards while in office, including the NiDCOM board.

She added that President Tinubu would constitute the NiDO Board at the appointed time.

“To cut down the cost of governance, NIDCOM has now become an agency.

“What this means is that I don’t know whether there is going to be a board for it or not.

“I want to encourage you to stay united; unity is the keyword. NiDO has achieved so much more than we have been doing in the past.

“I want to thank you and wish you a successful AGM.

“More so, let us continue to promote a united NiDOA to set the pace for every other organisation in the diaspora,” she said.

In his speech, Amb. Abubakar Jidda, Consul-General of Nigeria in New York, congratulated NiDOA for organising the AGM.

According to him, the AGM makes it easy for everyone to see NiDO’s activities.

He expressed gratitude to Dr Victor Ubani, the Continental Chair of NiDOA, and his team for organising the conference.

“We lend our voice to some issues and challenges Nigeria is experiencing, and to see how we can ensure we have stronger organisations that are ready to contribute meaningfully to nation-building.

“In moving the nation forward we should be setting the pace for other countries and regions.

“The consulate is ready to support NiDOA in achieving its set objectives.

“We can work closely together to set the standard for other countries across the world, which is one thing I look forward to achieving,” Egopija said.

Ubani who is also the Coordinating Chairman of NiDO Worldwide promised to build on the gains the organisation has so far achieved.

“We are forging ahead and forming a new path to rebrand, and take NiDO to greater heights.

“We can do that by being patriotic and working together to ensure national growth.

“I call on everyone to collaborate with us so that we can realise the desired goals we have set.

“Let us see what we can do by coming together as Nigerians to move our country forward,” Ubani said. (NAN)

Edited by Emmanuel Yashim

ECOWAS Court pledges greater efficiency ahead 2025

ECOWAS Court pledges greater efficiency ahead 2025

By Mark Longyen

The ECOWAS Court of Justice (ECCJ) has pledged to enhance its performance and efficiency by 2025, even as it deals with notable financial and operational hurdles.

Justice Ricardo Gonçalves, the President of the court, said this at the opening of the 2024 Judicial Retreat in Abuja on Monday, with the theme ‘Judicial Case Management’.

He noted that financial constraints, stemming from some member states’ failure to meet their financial obligations, have placed the institution under strain.

These challenges, he said are compounded by the anticipated departure of three member states, which could result in significant budgetary cuts and operational setbacks.

“These difficulties require us to think creatively and allocate our resources with precision.

“For the first time, due to financial constraints, participation in certain activities has been limited to a smaller in-person group, while others will join remotely.

“This reflects the serious financial challenges the Community is facing. Until the situation improves, we must significantly scale back our activities”.

Gonçalves expressed confidence in the Court’s leadership and its ability to navigate the crisis.

He emphasised the need to remain committed to the institution’s founding principles while adapting to contemporary realities, such as adopting virtual meetings and minimising unnecessary expenditures.

He described the retreat as a crucial platform for reflection, collaboration, and innovation aimed at enhancing the Court’s practices and fostering regional integration.

The President called on judges, directors, and staff to actively engage in discussions and decision-making processes during the retreat.

He stressed that their contributions are vital to addressing the institution’s challenges and strengthening its operational framework.

Dr Yaouza Ouro-Sama, the ECCJ Chief Registrar, also outlined the objectives of the retreat, organised by the Registry Department as part of the Court’s annual activities.

He stated that the event provides an opportunity to reflect on judicial practices and improve case management.

Referring to Article 32 of the Protocol on the Court, Ouro-Sama highlighted the Court’s authority to establish its own rules of procedure.

He underlined the importance of foundational texts, such as the Rules of Procedure and practical directives, in shaping the Court’s operations.

The Chief Registrar stressed the need for clear guidelines to address existing gaps, particularly in harmonising discrepancies between common law and civil law practices.

He also called for improved coordination between the judges’ chambers, the Registry, and the Research and Documentation Department.

The retreat’s theme, centered on judicial case management, includes sub-themes addressing execution rates, standardisation of rulings, translation of decisions, and collaboration between departments.

“Interactive discussions and expert presentations are expected to yield actionable solutions for these challenges, which will be proposed to the College of Judges”.

He described the event as an opportunity to refine processes and practices, ultimately leading to more effective operations within the ECCJ.

Ouro-Sama thanked the President, Vice President, and Judges for their support and approval of the retreat’s agenda.

According to the organisers, as the retreat progresses, it is anticipated to pave the way for a more resilient and efficient Court, ensuring its sustainability and continued contribution to regional integration and justice.(NAN)(www.nannews.ng)

Edited by Ekemini Ladejobi

ECOWAS entrepreneurs seek railway corridor

ECOWAS entrepreneurs seek railway corridor

 

Participants at the ECOWAS Small Business Coalition (ESBC) workshop/exhibition in Abidjan, Ivory Coast.(NAN)

 

 

By Mark Longyen

Micro, Small and Medium Enterprises (MSMEs) under the aegis of ECOWAS Small Business Coalition (ESBC), have proposed the creation of a railway corridor connecting all ECOWAS countries, in addition to the existing road network.

 

They made the call at the end of their inaugural exhibition and workshop which held from Nov. 21 to Nov. 23, in Abidjan, Ivory Coast.

 

The event was organised by ESBC, in collaboration with the ECOWAS Commission and Ivory Coast’s Ministry of Commerce and Industry.

The coalition noted the difficulties that the small business operators face in transporting their goods and services between and among member states and emphasised the need for improved communication about cross-border trade obligations.

 

It, however, notes the clarification by ECOWAS that the movement of goods and people within the subregion is free in line with existing protocols but is not exempt from formalities and customs duties.

 

The coalition also proposed solutions to the challenges of transporting the SME’s goods to include the need to end cross-border harassment and corruption due to unnecessary “taxes.”

Members also proposed the empowering of local SBCs to enable them issue certificates of origin to entrepreneurs, as well as the establishing of online training sessions for their capacity building.

 

The coalition also proposed the creation of a railway corridor connecting all ECOWAS countries, in addition to the existing road network.

 

According to the coalition, access to information is key to SMEs’s success, hence, the need to raise awareness, adding that they should leverage the recently unveiled African Continental Free Trade Area (AfCFTA) and ECOWAS policies.

 

It also emphasised the need for the harmonisation of fiscal rule across ECOWAS, as well as the need for SMEs to choose appropriate business models and consulting advisory firms.

 

The report notes that much remains to be done to improve competitiveness through innovation and sustainability to push SMEs beyond borders, while proposing training them on certification, efficient technology transfer and increasing research.

The coalition further noted that financing was at the core of SMEs’ challenges because while financing mechanisms are in place, SMEs’ absorption capacities are difficult, as many are ill-equipped to leverage these mechanisms.

 

They, therefore, proposed to focus on promoting innovation and new business models that would fit African realities, such as reimagining economic development models and learning from BRICS approaches.

 

The group also proposed the establishing of an ESBC television; a bank for SME financing; the designing of strategies to encourage the creation of a common currency; and lifting of customs and monetary barriers.

 

The coalition also proposed the creation of international shipping lines, establishing clear legislation or regulations applicable to all ECOWAS states, as well as facilitating access to ports for landlocked countries.(NAN)(www.nannews.ng)

edited by Sadiya Hamza

Investment in livestock ’ll turn tragedy to economic opportunity – Tinubu

Investment in livestock ’ll turn tragedy to economic opportunity – Tinubu

By Salif Atojoko

President Bola Tinubu says his administration’s renewed focus in driving international and local investments into the livestock sector will end farmer-herder clashes.

Tinubu said this on Thursday in Rio de Janeiro, Brazil, at the signing of a Letter of Intent between the Nigerian Government and the JBS S.A, one of the top three largest meat processing companies globally.

“What we are doing right now is that we are solving a problem that afflicts humanity in that part of Africa.

“Clashes between farmers and migrating cows that have caused some lives and bloodshed when there is a modern, civilized way to solve those problems and even bring a successful economy out of it.

“We are trying to turn a situation of tragedy, hopelessness into economic opportunity, see through problems and see the opportunity that is involved in it,” he said.

The Nigerian leader called on the company to see the considerable potential in the $2.5 billion livestock investment opportunities in Nigeria, especially with its huge population and tap into it.

“We’ve heard so much about you in terms of the reputation, and we believe in the partnership we are forging today.

“Food security is extremely important. As we talk right now, there is hunger. However, there is huge hope. And you are one of those hopes that we are looking at,” said the president.

He told the JBS top executives that Nigeria was ready to do business with them, assuring them of a good return on their investment.

Prior to his visit to Brazil, the president had commissioned a team of Nigerian officials and private sector players to take advantage of the G20 Leaders’ Summit in Rio to conduct a study tour of Sao Paulo, Brazil.

He charged them to explore the opportunities in livestock development, meat processing, seed development and multiplication for key grains.

In his remarks, Idi Maiha, the Minister of Livestock Development, who led the delegation, said the team embarked on extended tours of companies on their operations, as well as the deployment of technology.

He added that from their interactions with various companies, JBS S.A. was chosen being the second largest meat processing company in the world.

Maiha said the company had the capacity to process 33,000 cattle daily and over eight million birds daily, using advanced zero-waste practices.

The company employs over 200,000 people across its subsidiaries in more than 50 countries in the world including United States, Canada, Mexico, Saudi Arabia among others.

Mr Wesley Batista, founder and President of the JBS group, said the company was the largest employer of labour in Brazil with over $79 billion dollars revenue already in 2024.

“We are glad to work with Nigeria to work together to develop the livestock industry there.

“We think it’s a good opportunity for our business in Nigeria and Africa as we believe Nigeria can be the center of supply of protein to many countries in Africa.

“We look forward to working with you. We are almost in December and this year is almost gone. We hope to be in Nigeria as soon as possible,” he said.

Other members of the delegation included Hon. Aliyu Sabi-Abdullahi, Minister of State, Agriculture and Food Security as well as  Prof. Attahiru Jega,, Co-chairman Presidential Livestock Reform Committee.

Others were: Prof. Mohammed Yahya, the Secretary of the Committee and Aisha Rimi, Chief Executive Officer of Nigerian Investment Promotion Council. (NAN) (www.nannews.ng)

 

Edited by Bashir Rabe Mani

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