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Nigeria
April 14, 2024
AgroNigeria
News

Yobe Govt Signs MoU Worth $2bn  to Boost Livestock Industry

In a bid to boost the productivity of its livestock industry, the Yobe State Government has signed a five-year memorandum of understanding (MoU) worth $2 billion with the Trans-Sahara Consortium. 

This occurred during a stakeholders’ meeting and signing ceremony on Wednesday.

Governor Mai Buni, represented by the Secretary to the Government of the state, Baba Mallam-Wali, emphasized the importance of cattle rearing in the cultural heritage of the state’s indigenous population. 

He stressed the need to modernize the cattle-rearing system through investment to address the state’s food security requirements and enhance economic growth.

He explained that the state government would partner with the Trans-Sahara Consortium to exploit the indigenous breeds of livestock for better production and improvement. 

He said, “Although cattle rearing has been one of the major traditions of the state, it has not been properly harnessed. We recognize the need to modernize the system through investment to meet the food security demand and enhance the economic growth of the state.”

The MoU is also expected to cover the production and exportation of beef and milk from exotic cattle breeds.

Following the signing of the MoU, Mallam-Wali announced that the state is set to invest heavily in cattle rearing to boost and boost internal revenue.

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