FG to Launch Strategy for Boosting Nigeria’s Role in Global Halal Economy

The Federal Government of Nigeria is set to unveil a comprehensive strategy on Wednesday aimed at establishing the country as a major player in the global Halal economy. This initiative is part of broader efforts to diversify Nigeria’s economy and leverage the rapidly growing global Halal market, which includes products and services that meet Islamic standards of permissibility and adhere to ethical principles.

The Halal Stakeholders Engagement Programme will take place at the State House Conference Centre in Abuja. Aliyu Bunu Sheriff, the Special Assistant to the President on Export Expansion (Office of the Vice President), highlighted that the strategy will bring together key government agencies, private sector leaders, and international partners. Nigeria, currently ranked as the eighth-largest domestic Halal economy, is positioning itself to capitalize on this significant market.

In a statement issued by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Sheriff said, “The Halal economy represents a tremendous opportunity for Nigeria to diversify our economy, generate foreign exchange, and achieve sustainable growth.” He projected that by 2027, Nigeria could add nearly $1.5 billion to its GDP through Halal exports and strategic import substitution.

Sheriff also noted that the Halal economy goes beyond religious compliance, embodying values such as ethics, integrity, and quality that appeal to a broad range of cultures. He emphasized that Nigeria’s focus on Halal exports will enable the country to compete on the global stage, raising standards and practices to world-class levels.