By Peter Adelowo
President Bola Ahmed Tinubu has launched Nigeria’s National Halal Economy Strategy, aiming to position the country to benefit from the $7.7 trillion global halal market and unlock an estimated $12 billion in economic value.
The President who was represented by Vice President Kashim Shettima at the Abuja unveiling, said the initiative focuses on quality, safety, traceability, and ethical standards, rather than religion, and will help diversify exports, attract foreign investment, and create jobs.
The strategy was developed in collaboration with the Halal Products Development Company of Saudi Arabia, Dar Al-Halal Group Nigeria, and supported by the Islamic Development Bank.
It also follows agreements signed during President Tinubu’s recent state visit to Türkiye on halal quality infrastructure.
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said the initiative will leverage public-private partnerships and the African Continental Free Trade Area to expand Nigerian halal exports across Africa and globally.
