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Nigeria launches halal economy strategy to boost exports, investment, and jobs, targeting $1.5B GDP growth by 2027.
Nigeria has launched a National Halal Economy Strategy to tap into the $7.7 trillion global halal market, aiming to add $1.5 billion to GDP by 2027 and over $12 billion by 2030.
The initiative, unveiled by Vice President Kashim Shettima on behalf of President Bola Tinubu, focuses on expanding halal food exports, developing pharmaceutical and cosmetic value chains, promoting halal tourism, and scaling ethical finance.
It emphasizes quality, safety, traceability, and ethical production—principles adopted by nations including the US, UK, Germany, and Canada.
Developed with international partners like the Islamic Development Bank and the Arab Bank for Economic Development in Africa, and supported by a Nigeria-Türkiye agreement on halal certification, the strategy aims to diversify exports, attract investment, and create jobs through public-private partnerships.
Nigeria lanza una estrategia de economía halal para impulsar las exportaciones, las inversiones y los empleos, apuntando a un crecimiento del PIB de $1.5B para 2027.