BNDES director denies that JBS has support from the bank in Nigeria

by Andrea
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This Friday (22), the director of Planning and Institutional Relations at the National Bank for Economic and Social Development (BNDES), Nelson Barbosa, denied that the institution is financing the investment announced by JBS in Nigeria.

“The initiative does not have any support from the BNDES, which is the most transparent institution in the Republic, either by the TCU [Tribunal de Contas da União]as well as by the CGU [Controladoria-Geral da União]. Any citizen can consult the bank’s portal and check the operations we support”, Barbosa told Folha de São Pauloo.

Barbosa’s statement came in response to a comment made by the lawyer and councilor elected in São Paulo, Janaina Paschoal, on social media.

“I just want to know one thing: does this new investment in Nigeria have money from the Brazilian people involved? Is there financing from BNDES, from BB, as there was during Dilma’s time? Can any Senator or Federal Deputy please request these details? Private agents can invest wherever they want, but if there is public money, whether through financing or exemption, it is our business”, wrote Paschoal

In the publication, Janaina shared news of JBS’s announcement, made on Thursday (21), about the signing of an agreement with the Nigerian government for possible investment of US$ 2.5 billion in the most populous country in Africa.

The agreement

According to the JBS announcement, the agreement provides for the development of a five-year investment plan and includes the construction of six factories in Nigeria, three for poultry, two for cattle and one for pigs.

According to JBS, it will be up to the Nigerian government to “ensure the economic, sanitary and regulatory conditions necessary for the feasibility and success of the project”.

“JBS will develop a five-year investment plan, which will cover feasibility studies, preliminary facility designs, budget estimates and an action plan for developing the supply chain,” the company said.

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