SAO PAULO, Nov 21 (Reuters) - Brazilian meatpacker JBS
said on Thursday it has signed a memorandum of
understanding with Nigeria's government for a $2.5 billion
investment plan in the African country, including the building
of six new factories.
In a statement, JBS said three of the factories would deal
in poultry, two in beef and one in pork.
Based on the memorandum of understanding, JBS said it will
build up a five-year investment plan in Nigeria, including
feasibility studies, budget estimates and an action plan for
local supply chain development.
The government of Nigeria, in turn, would ensure the
economic, sanitary and regulatory conditions needed for the
project's viability, JBS added.