President Bola Tinubu on Thursday launched Nigeria’s National Halal Economy Strategy, a policy initiative aimed at positioning the country to tap into the $7.7 trillion global halal market and accelerate economic diversification.
According to a statement from the Presidency, Tinubu, represented by Vice President Kashim Shettima, unveiled the initiative at the Presidential Villa in Abuja.
The policy is expected to add an estimated $1.5 billion to Nigeria’s gross domestic product by 2027, according to projections shared by the Presidency.
Speaking at the event, Vice President Shettima described the launch as a clear signal of Nigeria’s readiness to compete in the fast-growing global halal economy, which has already been embraced by several leading economies.
He said the strategy provides a defined roadmap for Nigeria’s participation in the halal market, which spans sectors such as food and beverages, pharmaceuticals, cosmetics, logistics, tourism, and finance.
According to the Vice President, the initiative reflects the government’s intention to align Nigerian capacity with global halal standards and convert emerging opportunities into sustainable economic value.
Shettima stressed that the success of the National Halal Economy Strategy would depend on disciplined, inclusive, and measurable implementation, particularly in delivering jobs and expanding export opportunities.
“It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy. This document is a declaration of our promise to meet global standards with Nigerian capacity and to convert opportunity into lasting economic value,” he said.
He added that the next phase of the strategy must translate policy into action that drives shared prosperity across the country.
“What follows must be action that is disciplined, inclusive, and measurable, so that this Strategy delivers jobs, exports, and shared prosperity across our nation,” the Vice President stated.
Shettima also disclosed that the implementation of the National Halal Economy Strategy will be chaired by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole.
