President Bola Tinubu has launched Nigeria’s National Halal Economy Strategy, a policy initiative aimed at positioning the country to capture a share of the $7.7 trillion global halal market while accelerating economic diversification.
The initiative was unveiled at the Presidential Villa in Abuja, with Vice President Kashim Shettima representing the President.
According to the Presidency, the strategy is projected to add $1.5 billion to Nigeria’s GDP by 2027.
It provides a roadmap for Nigeria to participate in multiple halal sectors, including food and beverages, pharmaceuticals, cosmetics, logistics, tourism, and finance, aligning domestic standards with global halal requirements.
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Vice President Shettima emphasized that success will depend on disciplined, inclusive, and measurable implementation, ensuring the strategy delivers jobs, boosts exports, and drives shared prosperity.
The implementation will be overseen by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole.
The launch follows Nigeria’s agreement with Türkiye earlier this year to strengthen halal standards, accreditation, certification, and quality assurance systems, enhancing international acceptance of Nigerian halal products.
The halal economy, which extends beyond food to sectors like modest fashion, Islamic finance, and tourism, represents a major growth opportunity for Nigeria, offering potential for economic diversification, foreign exchange earnings, and sustainable development.
