Nigeria Launches National Halal Economy Strategy
Analysis based on 7 articles · First reported Feb 05, 2026 · Last updated Feb 06, 2026
The launch of Nigeria's National Halal Economy Strategy is expected to significantly boost Nigeria's GDP by $1.5 billion by 2027 and unlock over $12 billion in economic value by 2030, primarily through increased exports in halal-compliant food, pharmaceuticals, and cosmetics. This initiative is likely to attract foreign direct investment into Nigeria and create new opportunities for small and medium-sized enterprises, positively impacting various industries.
Nigeria, represented by Bola Tinubu and Kashim Shettima, launched its National Halal Economy Strategy to tap into the $7.7 trillion global halal market. This strategy aims to diversify Nigeria's economy, attract foreign direct investment, and create jobs, with projections to add $1.5 billion to the nation's GDP by 2027 and unlock over $12 billion in economic value by 2030. The initiative focuses on expanding halal-compliant food exports, developing pharmaceutical and cosmetic value chains, positioning Nigeria as a halal-friendly tourism destination, and mobilizing ethical finance. Jumoke Oduwole will chair the strategy committee. The strategy was developed in partnership with Halal Products Development Company, a subsidiary of the Saudi Arabia — Public Investment Fund, and Dar Al Halal Group Nigeria, with technical backing from the Islamic Development Bank and the Arab Bank for Economic Development in Africa. Nigeria also signed an agreement on Halal Quality Infrastructure with Turkey to strengthen standards and certification. France has expressed readiness to support Nigeria's export drive in relevant sectors.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard