Nigeria Unveils Strategy to Lead Global Halal Market

Nigeria Unveils Strategy to Lead Global Halal Market
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Nigeria has unveiled a national economic strategy aimed at positioning the country as a leading player in the rapidly expanding global halal market, valued at an estimated $8 trillion, as part of efforts to diversify its economy, according to the International Quran News Agency (IQNA).

President Bola Ahmed Tinubu announced the National Halal Economy Strategy, outlining plans to secure a significant share of the global halal industry while creating jobs and improving welfare nationwide. He said the strategy reflects Nigeria’s readiness to compete in an economic sector that has attracted growing interest from major economies.

Tinubu projected that the initiative could add about $1.5 billion to Nigeria’s gross domestic product by 2027. He said the strategy commits the country to meeting global standards and transforming opportunities in the halal sector into sustainable economic value.

The plan focuses on expanding halal-compliant food exports and developing value chains in pharmaceuticals and cosmetics. Tinubu said these measures could help position Nigeria as a preferred destination for halal tourism by 2030.

He noted that the halal economy is increasingly driven by global standards, safety, and consumer trust rather than geography or religious belief, citing interest from countries including the United Kingdom, France, Germany, the Netherlands, the United States, Canada, Australia, and New Zealand.