CSOs urge FG to publish MoU on $2.5bn JBS livestock deal

Civil society organisations, farmers, researchers, and scientists are calling on the Federal Government to publish the Memorandum of Understanding (MoU) for a $2.5 billion livestock deal with Brazilian meat giant JBS. According to the Daily Post Nigeria, the deal was signed in 2024 and includes the construction of six new meat factories aimed at developing Nigeria's meat processing sector.

The stakeholders, who attended a workshop in Abeokuta, Ogun State, expressed concerns about the implications of the deal on health, the environment, social economy, and smallholder livelihoods. They emphasized that while they welcome foreign investment, the secrecy surrounding the agreement could lead Nigeria into another resource crisis.

The groups are demanding that the MoU be made public for scrutiny, citing concerns about environmental and social impacts. The Punch reported that the civil society organisations are seeking transparency in the deal, but no further details were provided.

Brief written by urgent.news from Punch, Daily Post Nigeria — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.