President Bola Tinubu has officially launched Nigeria's National Halal Economy Strategy, a forward-looking policy designed to unlock opportunities in the rapidly growing $7.7 trillion global halal industry and drive broader economic diversification.
The unveiling took place at the Presidential Villa in Abuja on Thursday, with Vice President Kashim Shettima representing President Tinubu. The president described the strategy as a clear signal of Nigeria's readiness to claim a significant share of the halal economy, which encompasses compliant food products, pharmaceuticals, cosmetics, tourism, ethical finance, and more.
Emphasizing the need for disciplined, inclusive, and results-oriented implementation, Tinubu (via Shettima) stated: "It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy." He called for collaborative action to ensure the initiative generates jobs, boosts shared prosperity, and strengthens Nigeria's position in international trade.
The strategy sets ambitious targets for 2030, including expanding exports of halal-compliant foods, building robust value chains in pharmaceuticals and cosmetics, establishing Nigeria as a halal-friendly tourism hub, and scaling up ethical finance mechanisms.
Projections indicate the policy could contribute an estimated $1.5 billion to Nigeria's Gross Domestic Product (GDP) by 2027, while unlocking up to $12 billion in broader domestic economic value over the coming decade.
The initiative will be overseen by a committee chaired by the Minister of Industry, Trade and Investment, reflecting the government's commitment to structured execution and measurable outcomes.
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