Nigeria’s push for food security has received a huge boost as Brazil commits $2.5 billion through an investment by agribusiness giant JBS. The landmark deal, sealed during the 2024 G20 Leaders’ Summit attended by President Bola Tinubu in Brazil, is expected to transform Nigeria’s agricultural sector, create jobs, and strengthen sustainable farming practices.

Confirming the development, Presidential Adviser on Information and Strategy, Bayo Onanuga, described the investment as a major win for Nigeria’s food security and rural development agenda.

According to the Presidency, the initiative will:

Boost local food production through advanced farming methods.

Create thousands of jobs, especially for young Nigerians.

Promote sustainable agriculture to ensure long-term food stability.

This latest deal builds on Nigeria’s ongoing Green Imperative Programme (GIP) — a $1.1 billion agricultural mechanisation project launched in 2019. Under the scheme, Nigeria plans to assemble 10,000 tractors and 50,000 farm equipment units locally, bringing mechanised farming closer to rural communities.

With Brazil’s backing and the JBS investment, Nigeria is taking a significant step toward reducing its reliance on food imports and empowering farmers with the tools to meet the nation’s growing demand for food.