President Bola Ahmed Tinubu has officially launched Nigeria’s National Halal Economy Strategy, a major initiative designed to position the country to access the $7.7 trillion global halal market and further diversify the national economy.
Speaking on Thursday at the Presidential Villa in Abuja, and represented by Vice President Kashim Shettima, Tinubu said the strategy demonstrates Nigeria’s readiness to capture a significant share of the rapidly expanding global halal economy. The initiative is projected to contribute about $1.5 billion to Nigeria’s GDP by 2027.
“It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy. This document is a declaration of our commitment to meet global standards with Nigerian capacity and to convert opportunity into lasting economic value,” Tinubu stated.
Vice President Shettima highlighted that the strategy sets out clear targets to expand halal-compliant food exports, develop pharmaceutical and cosmetic value chains, establish Nigeria as a halal-friendly tourism destination, and mobilise ethical finance at scale by 2030.
Both leaders emphasized that disciplined, inclusive, and measurable implementation will be critical to ensuring the strategy delivers meaningful economic benefits, including job creation, export growth, and shared prosperity nationwide.
The National Halal Economy Strategy positions Nigeria alongside other leading nations that have successfully leveraged halal industries for economic diversification and sustainable development.
