Halal Economy is no longer a niche; it drives global trade worth $7.7 trillion, and Nigeria is now stepping up to claim its share.
On Thursday, President Bola Tinubu launched the National Halal Economy Strategy at the Presidential Villa in Abuja.
Halal Economy Drives Growth
The initiative aims to create jobs, boost exports, and diversify the economy.
Moreover, Vice President Kashim Shettima, representing the president, described the launch as a “defining moment” for Nigeria.
He outlined the strategy as a clear roadmap to seize global opportunities.
Clear Roadmap For Opportunity
According to the Presidency, the initiative could add $1.5 billion to Nigeria’s GDP by 2027.
Furthermore, the halal economy covers multiple sectors, including food, pharmaceuticals, cosmetics, tourism, logistics, and Islamic finance, each offering significant growth potential.
Shettima emphasised that the government must implement the strategy disciplined, inclusively, and measurably.
“Policy alone will not suffice,” he said.
Read Also: TotalEnergies’ 2025 Results Spark Fears Over Dividends
“We must take action that delivers jobs, exports, and shared prosperity.”
In addition, the government appointed Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, to lead the rollout.
Global Partnerships And Future Impact
Earlier this year, President Tinubu visited Türkiye and signed an agreement to strengthen halal standards, certification, and global acceptance of Nigerian products.
Officials assert that the strategy provides Nigeria a path to diversify the economy, increase foreign exchange, and drive sustainable growth.
Special Assistant on Export Expansion, Aliyu Sheriff, highlighted strategic import substitution and export promotion as key priorities.
Globally, the halal economy extends beyond food to ethical pharmaceuticals, modest fashion, tourism, and Islamic finance, and major hubs in Malaysia, Brazil, and Australia illustrate successful models.
With this strategy, Nigeria positions itself to turn global opportunity into lasting economic value, signalling its arrival on the world stage.
