Abuja – In an ambitious move to diversify its economy and strengthen its international presence, Nigeria has launched its National Strategy for the Halal Economy. The initiative aims to integrate the country into the global halal market, estimated at 7.7 trillion dollars, while boosting economic growth through export development and job creation.

According to Nigerian authorities, the strategy targets several sectors: food, cosmetics, pharmaceuticals, logistics, tourism, and ethical finance. It also includes the implementation of standards and certifications aligned with international halal requirements to facilitate access for Nigerian products to foreign markets.

The program is supported by international partners, including the Halal Products Development Company, a subsidiary of the Saudi Public Investment Fund, and the Islamic Development Bank, to assist with investment, certification, and export promotion.

Experts estimate that implementing this strategy could contribute approximately 1.5 billion dollars to Nigeria’s GDP by 2027, while generating jobs and enhancing the professionalization of stakeholders in the sector. Nigeria’s domestic halal market, already valued at over 100 billion dollars, provides a strong foundation to support this international expansion.

With this initiative, Nigeria aims to establish itself as a major player in the global halal market, transforming its cultural and agricultural assets into a driver of sustainable economic development.